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26.04.2022: Forex Analysis & Reviews: EUR/USD analysis for April 26, 2022 - Potential for another drop towards 1.0640


Technical
analysis:

analytics6267d3122c9ee.jpg


EUR/USD
has been trading downside as I expected. The price reached my first
downside objective at 1.0710 and I see potential for further downside
continuation.


Trading
recommendation:


Due
to the strong downside cycle in the background and the bear flag
pattern in creation, I see potential for the downside continuation.


Watch
for potential selling
opportunities
on the rallies with the downside objective at 1.0640.


Stochastic
oscillator is showing fresh bear cross, which is sign that downside
movement can be in the play.


Resistance
level is set at the price of 1.0700

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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