empty
 
 
25.04.2019 07:29 AM
Technical analysis of EUR/USD for 25/04/2019

Technical Market Overview:

After a failure to break through the technical resistance, the EUR/USD pair has broken through the key technical support at the level of 1.1176 and made a new local low at the level of 1.1141. The downtrend resumed as anticipated despite the oversold market conditions. The momentum is weak and negative, so the next target for bears is seen at the level of 1.1118.

Weekly Pivot Points:

WR3 - 1.1384

WR2 - 1.1352

WR1 - 1.1289

Weekly Pivot - 1.1254

WS1 - 1.1188

WS2 - 1.1157

WS3 - 1.1092

Trading recommendations:

The take profit level for sell orders has been hit (technical support at the level of 1.1176) and now all sell orders should be closed. If anyone still has an open sell order, the next target is seen at the level of 1.1118.

This image is no longer relevant

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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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