empty
 
 
16.04.2019 08:34 AM
Technical analysis for EURUSD for April 16, 2019

EURUSD is trading in a short-term bullish channel but has reached important resistance area of 1.13-1.1330. Moving sideways or slightly lower is a good sign for bulls. Bulls do not want to see a rejection and a break below and out of the bullish short-term channel.

This image is no longer relevant

Blue lines - bullish channel

Red lines - bearish channel

Black line - major trend line resistance

Green rectangle -major support level

EURUSD has reached the upper channel boundary at 1.1330 and has stopped its rise. This is important resistance by the medium-term bearish channel. Price is making higher highs and higher lows inside the blue channel. Staying inside the blue channel is important for bulls. A pull back towards 1.1280 is justified so that overbought short-term conditions are relieved and price could form another higher low to gain more strength for the next leg higher. Breaking above 1.1330 will open the way for a move towards the next major resistance at 1.14-1.1450. Medium-term trend remains bearish as long as price is below that resistance area.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback