The Analytical Overview Of The Main Currency Pairs - Monday. Apr. 26

The EUR/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.2014
  • Prev Close: 1.2097
  • % chg. over the last day: +0.69%

On Friday EUR/USD closed the day with +0.69%. One of the main reasons for that raise was positive data on German PMI. On the H1 and H4 timeframes the price is above the moving average, the MACD is in the positive zone, and local trend line also indicates an up-trend.

10 and one 10 us dollar bill

Image Source: Unsplash

Trading recommendations

  • Support levels: 1.2075, 1.2049, 1.1994, 1.1957
  • Resistance levels: 1.2109, 1.2176, 1.2212, 1.2243

On the last trading day of last week the EUR/USD currency pair showed a good upward impulse movement, which indicates the strength of buyers. The priority remains upward, but the price is in front of the resistance level, so the recommendation is to look for entry buy points after pullback to the nearest support levels.

Alternate scenario: if the price breaks down through the 1.2049 level and holds below, with a high probability the price can go down to 1.1994, thereby forming a flat with the range of 1.1994-1.2075.

(Click on image to enlarge)


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The GBP/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.3834
  • Prev Close: 1.3874
  • % chg. over the last day: +0.29%

On Friday, the GBP/USD currency pair was trading in a relatively wide range of 1.3835-1.3894. On the 4H chart, the price tested the moving average without a breakdown, which indicates the presence of buyers and protection of the support level. However, on the H1, the moving average was broken on both sides, which is a sign of sideways movement. But today in the Asian session the local downtrend line was broken, which indicates local bullish pressure.

Trading recommendations

  • Support levels: 1.3835, 1.3794, 1.3756, 1.3690
  • Resistance levels: 1.3894, 1.3944, 1.3996, 1.4149
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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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