empty
 
 
19.04.2021 03:33 PM
EUR/USD Hot Forecast for 19 April, 2021

This image is no longer relevant

EUR/USD has jumped above 1.20, hitting the highest since March amid a risk-on mood and falling US yields. An uptick in EU vaccination rates is also boosting sentiment.

EUR/USD starts the week on a strong note and finally manages to advance further north of the psychological 1.2000 yardstick.The firm buying pressure is expected to meet the next interim hurdle in the 1.2040, where converge of the Fibo retracement (of the November-January rally).Above the latter the focus of attention is forecast to shift to the February peaks around 1.2240.

On the other hand, if EUR/USD break closes below recent low at 1.1950, we will see bearish traders pushing the market towards 1.1900 round figure mark and will lead en route to 1.1700 (2021 low Mar.31) and further below awaits the lower border of the channel.

Jan Novotny,
Analytical expert of InstaForex
© 2007-2024
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