empty
 
 
12.04.2019 08:05 AM
Technical analysis of EUR/USD for 12/04/2019

Technical market overview:

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.

Weekly Pivot Points:

WR3 - 1.1316

WR2 - 1.1286

WR1 - 1.1248

Weekly Pivot - 1.1215

WS1 - 1.1175

WS2 - 1.1141

WS3 - 1.1100

Trading recommendations:

The trend remains bearish, so the level of 1.1284 might be a good place to re-enter the sell orders with a tight protective stop loss. If this level is violated clearly, short-term buy orders can be opened with a target at the level of 1.1331.

This image is no longer relevant

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback