empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

18.04.202310:49 Forex Analysis & Reviews: Trading plan for EURUSD on April 18, 2023

Exchange Rates 18.04.2023 analysis

Technical outlook:

EURUSD rallied through the 1.1076 high last week before finding resistance. The single currency pair reversed sharply thereafter and carved an intraday low around 1.0909 on Monday. It is seen to be trading close to 1.0975 at this point in writing as the bulls are producing a short pullback rally. We expect prices to reverse lower soon.

EURUSD is still unfolding a larger-degree counter-trend drop, which began from the 1.1035 highs earlier. The bears are carving a complex corrective structure and should drag prices lower towards 1.0500 to complete the pattern. Only a consistent push above the 1.1076 high will confirm that the bulls are back in control and void the bearish setup.

EURUSD should be facing intraday resistance around the 1.1000-20 zone, which is also the Fibonacci 0.618 resistance of the recent drop between 1.1076 and 1.0909 (not seen here). We expect bears to enter the market if prices are able to reach there and drag sharply lower towards the 1.0830 immediate price support.

Trading plan:

A potential bearish move against 1.1200

Good luck!

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.