Forex Analysis & Reviews: Forecast and trading signals for EUR / USD on May 28. Analysis of the previous review and the pair's trajectory on Friday

The EUR / USD pair continued to trade in absolute flat during the penultimate trading day of the week. All day long, the pair's quotes were inside a side channel with a width of 40 points. During the day, several quite interesting macroeconomic reports were published in the United States, but, as we warned yesterday, they absolutely did not interest traders for various reasons. First of all, I would like to note that the GDP volume in the second estimate for the first quarter remained unchanged - 6.4%. It should also be noted that orders for durable goods decreased by 1.2% m / m in April. These were the most important reports of the day and, as we can see, there was no reaction even to them. However, what is there to react to, if the market participants were already familiar with the volume of GDP, and the report on orders for durable goods has not caused any reaction for more than a year, no matter what the figures are. What can we say about the reports on applications for unemployment benefits. They are even less significant than the previous two.

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