empty
 
 
17.04.2023 07:38 PM
Technical analysis on EURUSD for April 17th, 2023.

This image is no longer relevant

Blue lines- bullish channel

Red lines- bearish RSI divergence

EURUSD is trading around 1.0922. After a new weekly high last week at 1.1076, price is under pressure at the beginning of this week. Last week's higher high was not followed by a higher high in the RSI. The RSI provided another bearish divergence. EURUSD remains inside the bullish channel but is vulnerable to a pull back. Channel support is found at 1.0750. Price is vulnerable to a move towards the lower channel boundary. Technically trend remains bullish as price continues making higher highs and higher lows inside the blue upward sloping channel. A break below 1.05 will confirm the end of the entire upward move that started in September of 2022. Currently our most probable scenario is for price to move close to the lower channel boundary and form a new higher low.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback