27.04.202323:29 Forex Analysis & Reviews: Technical analysis of EUR/USD for April 27, 2023

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Overview :

The EUR/USD pair continues to move upwards from the level of 1.1003. Today, the first support level is currently seen at 1.0910, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.0910, which coincides with the 0% Fibonacci retracement level - double bottom - last bearish wave.

This support has been rejected three times confirming the veracity of an uptrend.

According to the previous events, we expect the EUR/USD pair to trade between 1.0910 and 1.0954.

Yesterday, the pair rose from the level of 1.0910 to 1.1003 which coincides with a ratio of 50% Fibonacci on the daily chart. Today, resistance is seen at the levels of 1.1096 and 1.1150.

We expect the price to set above the strong support at the levels of 1.0910 and 1.1003; because the price is in a bearish channel now. The RSI starts signaling an upward trend. Consequently, the market is likely to show signs of a bullish trend.

So, the support stands at 1.0910, while daily resistance is found at 1.1096. Therefore, the market is likely to show signs of a bullish trend around the spot of 1.1003.

In other words, buy orders are recommended above the spot of 1.1003 with the first target at the level of 1.1096; and continue towards 1.1150.

However, if the EUR/USD pair fails to break through the resistance level of 1.1096 today, the market will decline further to 1.0910.

Weekly range between the levels of 1.0910 - 1.1150.

It should be noted that volatility is very high for that the EUR/USD pair is still moving between 1.0910 and 1.1150 in coming hours.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.