Rimani 
Condizioni di trading
Strumenti
4-hour timeframe
The amplitude of the last 5 days (high-low): 19p - 27p - 69p - 84p - 45p.
Average amplitude over the last 5 days: 45p (55p).
As we expected in the morning review, the EUR/USD currency pair began to adjust at trading on Friday, April 26. So far, the correction is very weak, and after the release of the report on GDP, the US dollar rushed down but very soon returned to its original positions. Thus, if the whole reaction of the market is not a published report, then we once again draw the attention of traders that the fundamental events now do not have a proper impact on the movement of the currency pair. Thus, the technical factors are now more important, which means that after the completion of the current round of correction, we can expect a resumption of the downward trend. Most likely, it will happen next week. Monday, as is often happens, can be quite boring, although several reports on this day will be published both in the European Union and in the States. The target for the corrective movement now is the critical line Kijun-Sen. And we recommend determining the completion of the correction by turning the MACD indicator down. No new news on the trade war between the US and the EU has been received in recent days. Thus, in general, the fundamental background is even absent, if we do not take into account macroeconomic reports, which this week was just a couple of pieces. The pair ends the week and the month with the important overcoming of the level of 1.1200, which opens the way down. The worst thing for the euro is that now it is even difficult to assume that it can support it in the medium or long term.
Trading recommendations:
The EUR/USD pair has begun to adjust, as indicated by the MACD indicator. Thus, sales orders with targets at 1.1107 and 1.1091 remain relevant, but these and other targets will be given the opportunity sooner next week.
It is recommended to consider buy orders in small lots for the purpose of the Senkou Span B line not earlier than fixing the price above the critical line. In this case, the initiative will go into the hands of bulls for some time.
In addition to the technical picture should also take into account the fundamental data and the time of their release.
Explanation of the illustration:
Ichimoku indicator:
Tenkan-sen - the red line.
Kijun-sen - the blue line.
Senkou Span A - light brown dotted line.
Senkou Span B - light purple dotted line.
Chinkou Span - green line.
Bollinger Bands indicator:
3 yellow lines.
MACD Indicator:
Redline and histogram with white bars in the indicator window.
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