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4/21/2016 3:59:08 AM

EURUSD leans on an upside trend line - Technical Analysis - 21-04-2016



EURUSD fell in the intraday levels, reaching the upward short-term trend line while trespassing the support of the SMA50, raising pressures on the coming trading, while noting that relative power indicators have reached extremely oversold levels compared to the pair's own movement.

Therefore we expect the pair to return higher in the coming trading, provided it keeps trading along the upside trend line, targeting the resistance of 1.1435, readying to attack it.


Target
Risk


Support
Resistance


Trend Bullish

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