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Technical analysis of EUR/USD for 26.04.2019


The EUR/USD market is now consolidating in a narrow range between the levels of 1.1118 - 1.1145 after the downtrend has passed a for a while due to the oversold market conditions. The momentum remains weak anyway and there is no sign of any trend reversal yet. The first important technical resistance is seen at the level of 1.1176 and the next technical support is seen at the level of 1.1109 and 1.1027.

Technical analysis of EUR/USD for 24.04.2019


The EUR/USD pair has broken through the trendline as anticipated and made a new local low at the level of 1.1192. The candlestick formation at the low looks like a Pin Bar, which indicates a possible buying activity made by bulls in oversol market conditions. Nevertheless, the move up will be considered as a local pull-back only with a target seen at the level of 1.1226. The momentum remains weak and negative which supports the short-term bearish outlook. Next target for bears is seen at the level of 1.1176 (kay technical support).


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