Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Wednesday April 26 2023.
April 26, 2023 6:23 am
If we take a good look at the daily chart of the main EUR/USD currency pair, it can be seen that after successfully breaking above the Old High at the 1.1033 level, Fiber forms a Double Top which is also in the form of a Bearish 123 pattern even though it is in the Uptrend channel but with the MACD indicator in the Speculative area SELL gives a hint that in the next few days EUR/USD as long as it doesn’t go back up and breaks above the 1.1076 level has the potential to fall down to test the 1.0910 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we take a good look at the daily chart of the main EUR/USD currency pair, it can be seen that after successfully breaking above the Old High at the 1.1033 level, Fiber forms a Double Top which is also in the form of a Bearish 123 pattern even though it is in the Uptrend channel but with the MACD indicator in the Speculative area SELL gives a hint that in the next few days EUR/USD as long as it doesn’t go back up and breaks above the 1.1076 level has the potential to fall down to test the 1.0910 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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