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Technical analysis of EUR/USD for 23.04.2019

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The EUR/USD pair has fallen down from the level of 1.1323 after the Double Top formation was made. The price has broken below the technical support at the level of 1.1273 and is currently consolidation in a narrow range between the levels of 1.1226 - 1.1262. Any breakout below the short-term trend line dynamic support will indicate a continuation of the down move towards the levels of 1.1220 and 1.1210. The key technical support remains untouched at the level of 1.1176.

Technical analysis of EUR/USD for 12.04.2019

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After the bounce from the lower channel boundary around the level of 1.1235, the EUR/USD pair has hit the technical resistance at the level of 1.1285 and even made a local high at the level of 1.1295. This means the corrective channel dynamic support and resistance is being respected by the market, so the next target for bulls is seen at the level of 1.1303 or even 1.1331.

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