BLOG | April 16, 2018

EUR/USD Analysis: April 16

EURUSD Technical Analysis for the week that ends on the 14th of April, 2018

The EURUSD pair keeps its positive stability and revolves around the 1.2370 point starting from the 11th of April, and in so far as the price continues to stay beyond 1.2304, the bullish trend situation will continue to remain the same in the forthcoming sessions, which reminds us that our subsequent key target is positioned at 1.2536.

The 50 EMA provide consolidation for the anticipated price increase; whereas stochastic starts to gradually eliminate its negative drive and gear up the positive drive that will help to propel the price to keep increasing.

The anticipated trading range for the 12th of April was around 1.2300 support and 1.2460 resistance levels. The midday trend was anticipated to be Bullish.

Midday analysis for EURUSD on the 12th of April

The EURUSD pairs trade with fixed range and were stable above 1.2304. Therefore, there was no alteration to our bullish impression that is centered on the stability beyond the stated level. We observed that the stochastic kept mustering the positive thrust to support the likelihood of maintaining the positive outlook with the subsequent key target at 1.2536 positions.

The trend anticipated for the day was around1.2300 supports and 1.2460 resistance levels and was projected to be Bullish.

End of day analysis for EURUSD for the 12th of April 2018

The EURUSD pair experienced 1.2304 levels and rebuffed in a bullish direction from that point, to maintain the bullish trend situation and continue to make it active for the forthcoming period. This is supported by the positive signal that was witnessed on stochastic while pointing towards the subsequent key target at the 1.2536 position.

The EURUSD on the early part of the 13th of April test the support.

The EURUSD pair maintains a stability beyond the 1.2304 level till this point, indicating that stochastic offers positive signals that we have long anticipated stimulating the price to recommence the bullish trend, whereas conversely, we observed that the price is restricted within symmetrical triangle that its signals manifested on the chart, which implies that breaking 1.2395 will support the likelihood of a price rally upwards to maintain a bullish trend, in general.

Thus, we continued to anticipate a bullish trend in the subsequent trade sessions due to the price stability above 1.2304, bringing to mind that we anticipate the coming up of the price to the earlier witnessed top at 1.2536 as a subsequent key station.

The anticipated trading range for the 13th of April is around 1.2250 support and 1.2430 resistance levels and the trend is anticipated to be Bullish for the day.

Midday analysis for the EURUSD pair on the 13th of April

The EURUSD pair offers cool positive trading while attempting to shift away from 1.2304 level, bolstered by the positive stochastic, which maintains the persistence of the bullish trend situation effectively in the forthcoming period, with its targets starting by breaking 1.2395 to reduce the move to 1.2536, this reminded us that holding above 1.2304 is essential to maintain the projected price increase. The anticipated trading range for the 13th of April was between 1.2250 support and 1.2430 resistance levels while the trend was anticipated to be Bullish.

End of day analysis for EURUSD pair for the 13th April

The EURUSD pair exhibited weak trades during the day and continued to stay stable around the EMA50, and in so far as the price is above 1.2304, the bullish trend situation continued to be maintained in the forthcoming trade sessions. This brings to mind that our upcoming key targets start at 1.2395 and move beyond to about the 1.2536 point.

 

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