BLOG | April 23, 2018

EUR/USD Analysis: April 23

EUR/USD analysis for the 16th of April, 2018

The EURUSD pair touches the resistance line of the symmetrical triangle’s outline. Breaking this position is essential to substantiate the maintenance of the bullish trend that its coming target positioned at 1.2536, to prevent the rise.

EUR/USD analysis for the 17th of April, 2018

The EURUSD pair could not be maintained for long time over the balanced triangle’s resistance, to trade under it once more, observing that stochastic approached the oversold positions to create positive motivation that we anticipated to force the price to go higher one more time, maintaining the bullish trend projected for the forthcoming period except breaching 1.2304 positions and staying for a while underneath it, calling to mind that we are anticipating to move mostly towards 12.536.

The EUR/USD End of day analysis for the 18th of April, 2018

The EURUSD pair persisted to try to break the symmetrical triangle’s resistance and linger to attain every day nearly above it, which maintains the continuance of our bullish impression effectively in the forthcoming sessions. This reminds you that our anticipated target is positioned at 1.2536, even as it holds above 1.2304 and stood for a major situation to maintain the anticipated price increase.

End of day analysis for EUR/USD 19th of April, 2018

The EURUSD pair ends today’s trading negatively to approach the key support 1.2304, and as long as the price is above this level, our bullish overview will remain active, supported by a stochastic approach to the oversold areas, noting that breaching 1.2375 will ease the mission of heading towards our waited target at 1.2536.

EUR/USD came near the support on the 20th of April, 2018

The EURUSD pair provided negative trades yesterday to settle around the EMA50, accompanied by stochastic reach to the oversold areas, forming positive motive that we are waiting to push the price up again.

Thus far, the bullish trend situation was still maintained except the 1.2304 level is breached and maintained underneath it, since breaching it will move the price to get lower towards .2160 before any trial to move higher, whereas breaking 1.2375 stands for the key to meet towards our key anticipated target at 1.2536.

The anticipated trading range for the day is around 1.2270 support and 1.2440 resistance.

An anticipated trend for the day is Bullish.

Midday update for EUR/USD on the 20th of April, 2018

The EURUSD pair illustrated added price reduction to move on the main support level of 1.2304, which tells us to be cautious about the forthcoming trading because holding underneath it will move the price to suffer additional losses and target 1.2160 positions before any fresh trial to move up.

Stochastic illustrates the oversold signals clearly at this instant to maintain the likelihood of bouncing bullishly and retrace the key bullish price movement, which would depend on maintaining above the stated level, even as its targets starts by breaking 1.2375 level to pave the way to head towards 1.2536 as an upcoming position.

The anticipated trading range for the day was around 1.2270 support and 1.2440 resistance.

The trend that is anticipated for the day was bullish

End of day analysis for EUR/USD 20th of April, 2018

The EURUSD pair traded with strong negativity  on the 20th of April to break 1.2304 level and settles underneath it, which indicated the intraday track rebuff to go down, anticipating to confirm the day’s close and the and the coming week opening according to the stated  position to substantiate the upcoming trend in a clear manner, because holding underneath it will drive the price towards 1.2160 as the upcoming target, even as a movement above it will bring back the bullish trend situation that its key target positioned at 1.2536.

 

 

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