The Analytical Overview Of The Main Currency Pairs - Monday, Apr. 19

The EUR/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.1961
  • Prev Close: 1.1981
  • % chg. over the last day: +0.16%

On Friday, the EUR/USD pair traded in the range of 1.1950 – 1.1995 and closed the day with a result of +0.16%. On the H1 and the H4 timeframes, the price is above the moving average. The MACD is in the positive zone. The uptrend persists, which tells us that it is better to stick with ideas towards buying.

Trading recommendations

  • Support levels: 1.1990, 1.1927, 1.1860, 1.1797, 1.1700
  • Resistance levels: 1.2100, 1.2242

As for EUR/USD, the upward movement remains. We recommend looking for entry points to buy. It is best to look for entry points after the price corrects to the support level of 1.1990.

Alternative scenario: after the price breaks through and consolidates below the level of 1.1990, the price may go to the support level of 1.1927.

(Click on image to enlarge)

EUR/USD

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The GBP/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.3773
  • Prev Close: 1.3830
  • % chg. over the last day: +0.41%

On Friday, the GBP/USD currency pair was trading in an uptrend and closed the day with +0.41%. On the hourly chart, the pair is trading above the 200-day moving average. The situation is similar on the four-hour chart. The MACD indicator is in the positive zone on the H1. So it is worth buying the instrument.

Trading recommendations

  • Support levels: 1.3667, 1.3750, 1.3807
  • Resistance levels: 1.3917

At the moment, the price is above the moving average, which tells us about an uptrend. The MACD is also in positive territory. Only buying should be considered. It is best to look for entry points on the price correction to the 1.3800 level.

Alternative scenario: after the price breaks through and consolidates below the level of 1.3800, short positions to the level of 1.3750 should be considered.

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Disclosure: This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, ...

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