empty
 
 
21.04.2021 12:28 PM
Technical Analysis of EUR/USD for April 21, 2021

This image is no longer relevant

Overview :

The EUR/USD pair continues to move upwards from the level of 1.1943. Yesterday, the pair rose from the level of 1.1943 (the level of 1.1943 coincides with a ratio of 100% Fibonacci retracement, bottom, lowest wave) to a top around 1.2081. But it rebounded to close at the price of 1.2000. The price of 1.2000 is representing a psychological level today.

Today, the first support level is seen at 1.1943 followed by 1.1943, while daily resistance 1 is seen at 1.2081. According to the previous events, the EUR/USD pair is still moving between the levels of 1.2081 and 1.1943.

On the one-hour chart, immediate resistance is seen at 1.2011, which coincides with a ratio of 50% Fibonacci retracement.

Currently, the price is moving in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market.

The price is still above the moving average (100), Therefore, if the trend is able to break out through the first resistance level of 1.2081, we should see the pair climbing towards the daily resistance at 1.2100 to test it. It would also be wise to consider where to place stop loss; this should be set below the second support of 1.1900.

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 $1000 más!
    ¡En Abril, sorteamos $1000 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
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 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