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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD 16.4.2024

Technical Analysis

Tuesday, April 16, 2024 - 10:33

Point Trader Group

EURUSD 16.4.2024

General trend: down.
Expected scenario:
The pair is trading below 1.0696, which enhances the chances of a drop to 1.0630-1.0600.
Alternative scenario:
The scenario turns bullish with a break of 1.0700, targeting 1.0800.
The most important levels
resistance:
1.0696 – 1.0750
support:
1.0630 – 1.0600

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