The Analytical Overview Of The Main Currency Pairs - Thursday, Apr. 22

The EUR/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.2030
  • Prev Close: 1.2035
  • % chg. over the last day: +0.04%

Yesterday the EUR/USD pair traded in a narrow range of 1.2000 – 1.2035 and closed the day with a result of +0.04%. On the H1 and the H4 timeframes, the price is above the moving average. The MACD on H4 is in the positive zone. Buying is the priority.

Trading recommendations

  • Support levels: 1.1990, 1.1927, 1.1860, 1.1797, 1.1700
  • Resistance levels: 1.2080, 1.2100, 1.2242

Yesterday, the currency pair made a corrective movement to its key level of 1.1990 and provided a good entry point for buying. In the future, we recommend looking for entry points on corrections on lower timeframes to the trend line or after the price breaks out and fixes above the level of 1.2080.

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

(Click on image to enlarge)

EUR/USD

News feed for 2021.04.22:

  • – ECB Deposit Interest Rate (Apr) at 14:45 (GMT+3);
  • – ECB Marginal Lending Facility Rate at 14:45 (GMT+3);
  • – ECB Monetary Policy Statement at 14:45 (GMT+3);
  • – ECB Interest Rate Decision (Apr) at 14:45 (GMT+3);
  • – US Initial Jobless Claims at 15:30 (GMT+3);
  • – ECB Press Conference at 15:30 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.3927
  • Prev Close: 1.3927
  • % chg. over the last day: 0%

Yesterday, the GBP/USD currency pair traded in a narrow price range and closed the day with a 0% result. On the hourly chart, GBP/USD is trading above the 200-day moving average. The situation is similar on the four-hour chart. The MACD indicator is in the negative zone on the H1, which tells us about the pair's correction to its upward movement. At the moment, only buying 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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