26.04.202117:34 Forex Analysis & Reviews: April 26, 2021 : EUR/USD daily technical review and trade recommendations.

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

By the end of February, Near the price level of 1.2250, Significant SELLING Pressure was found. Since then, the current downtrend has been initiated.

The price zone around (1.1990) corresponds provided some temporary buying pressure.

However, this recent short-term upside movement was terminated due to lack of sufficient buying momentum.

Another downside movement was expressed towards 1.1840. Breakdown below it triggered another downside movement towards 1.1780-1.1750 which failed to hold for a while.

Further bearish decline extended towards 1.1710 which provided BUYING Pressure while being tested.

Hence, an upside pullback was expected to pursue towards 1.1840 & 1.1990. Both levels failed to provide sufficient bearish pressure. Now, the price zone of 1.1990 stands as a prominent SUPPORT-Zone for the EURUSD pair.

Currently, as long as the ongoing breakout above 1.1990 is maintained, more upside movement is expected to pursue towards 1.2100 and probably 1.2175 where price action should be watched cautiously.

Otherwise, any breakdown to the downside below 1.1990 brings SELLING Pressure into the market for more downside movement towards 1.1900 and probably 1.1840.

Voltar a lista

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.