BLOG | April 09, 2018

EUR/USD Analysis: April 9

The EURUSD Analysis for the week that ends on the 6th of April, 2018

The EURUSD maintains its negative stability under the 1.2304 level. This move maintains the negative trend on the intraday basis and moving towards the reaching the 38.2 percent Fibonacci correction level at 1.2160 in the forthcoming sessions.

The 50 EMA and stochastic create negative features that support the projections about the fall. This reminds us that breaking 1.2304 will make the price to retrace the key bullish trend that it originally traced at 1.2536 levels.

The projected range of trade for the day was around 1.2190 supports and 1.2350 resistances.

The anticipated trend for the 5th of April is Bearish.

The Midday EURUSD update for the 5th of April

The EURUSD pair created calm negative trades during the morning trade session as it tries to drift away from 1.2304 levels, and the price falls under uninterrupted negative force arising from the 50 EMA to maintain the bearish price movement for the day. This reminded us of our key anticipated target of the 1.2160 level, whereas holding under the 1.2304 level shows that the main condition is to maintain the anticipated fall.

The projected range of trade for the day ought to fall around 1.2190 support and 1.2350 resistance levels. The anticipated trend for the rest of the day is bearish.

The End of the day analysis for EURUSD on the 5th of April, 2018

The EURUSD pair continues its price movement in the downward direction and moves gradually towards our anticipated target at 1.2160, which suggests a possible bearish trend in the forthcoming sessions. The 50 EMA 50 continues to provide support for the bearish trend which its carry-over conditions is maintained under the1.2304 level. The anticipated price range for the day was between the 1.2190 support and 1.2350 resistance levels and the trend for the day was anticipated to remain bearish.

The EURUSD pair rose gradually on the 6th of April, 2018

The EURUSD pair illustrates some minor bullish predisposition as a result of positive stochastic; whereas the negative pressure still works efficiently in so far as the price is stable under the 1.2304 level. The support is provided by the 50 EMA while it waits to make a turnaround in a bearish direction to target 1.2160 levels.

Observe that it is significant to be cautious while you trade for the day particularly given the fact that the release of the US data that may make the market highly volatile. This situation points to the fact that breaking the 1.2304 point would end the anticipated negative price movement force the price to retrace its initial bullish track.

The trend for the day is expected to fall between 1.2160 support and 1.2350 resistance level while the price trend is expected to be bullish.

The Midday market update for EURUSK on the 6th of April, 2018

The EURUSD pair starting from the early part of the day trades sideways and coming to rest under the 1.2304 level, to maintain the bearish trend condition till midday moving towards the 1.2160 level which suggests the significance to be conscious while trading during the next trading session especially during the opening of US session opening. Holding under the 1.2304 level represents the essential situation to maintain the anticipated decline. The anticipated trading range for the day falls between 1.2160 supports and 1.2350 resistances. The trend for the day is anticipated to be bearish.

The End of Day analysis of EURUSD pair the 6th of April, 2018

The end of day analysis of EURUSD pair for the 6th of April, 2018

The EURUSD pair offered sideways trades to come close to the1.2304 test level finishing up the movement for the day under it. This suggests that the next trading session may move in the bearish direction bearing in mind that our key target is at the 1.2160 level. The stochastic touched the overbought levels thresholds to provide support for the projected price fall.

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