Technical analysis for EURUSD for April 4, 2019
April 4, 2019 8:21 amVideo
Latest News
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
- Hot forecast for EUR/USD on April 19, 2024 April 19, 2024
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
EURUSD has bounced as expected but so far the move higher has been weak and price only managed to reach the first short-term resistance and trend change level. Medium and short-term trend remain bearish.
Red line – major resistance trend line
Blue lines – bullish divergence
Green line – major support trend line
EURUSD as we noted in previous posts has been giving bullish divergence signs making us expect a bounce. Short-term resistance at 1.1250 is being tested. Break above it and short-term trend changes to bullish and we could see a move even higher towards 1.13-1.1340. Medium-term trend remains bearish as long as price is below 1.14 and below the red resistance trend line. Support is at 1.12 and below that we have 1.1140. I continue to expect price to bounce higher specially if we break above 1.1250.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: