EURUSD 26.04.2021

Technical Analysis
Monday, April 26, 2021 - 15:35
Point Trader Group
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 levels1.21101.21601.2190
Support levels1.20201.20001.1970

 

  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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