empty
 
 
03.04.2019 08:43 AM
Technical analysis for EURUSD for April 3, 2019

The bullish divergence in EURUSD 4 hour is playing out. EURUSD is bouncing off the 1.12 level and we continue to expect prices to bounce higher specially if short-term resistance at 1.1250 is broken.

This image is no longer relevant

Red line - major resistance trend line

Blue lines - bullish divergence

Green line -support trend line

EURUSD has provided some important bullish divergence signs that was a warning for EURUSD bears as we noted in our previous analysis. EURUSD has the potential to rise towards 1.13-1.1340 area. Short-term trend is being challenged to change from bearish to bullish. Medium-term trend remains bearish as long as price is below 1.14. Confirmation of a medium-term trend change will come with a close above 1.1450. Short-term we expect price to bounce higher.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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 $8000 more!
    In March we raffle $8000 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