English
EURUSD 26.04.2021
Overview:
Prices are moving in a short term downtrend
Expected scenario:
The above chart shows that the pair is trading below a strong resistance level around 1.2110, which enhances the downside chances during today's trading to 1.2020.
Alternative scenario:
On the other hand, we think that if the level of 1.2110 was broken to the upside, the pair might push further to the upside, reaching 1.2160.
| Resistance levels | 1.2110 | 1.2160 | 1.2190 |
| Support levels | 1.2020 | 1.2000 | 1.1970 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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