The Analytical Overview Of The Main Currency Pairs - Wednesday, Apr. 21

The EUR/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.2036
  • Prev Close: 1.2036
  • % chg. over the last day: 0%

Yesterday, the EUR/USD currency pair was trading in the range of 1.2025 – 1.2080 and closed the day with a result of 0%. The price is above the moving average on the H1 and H4 timeframes, the MACD is in the positive zone on H4. Based on the above, it is worth buying the asset.

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 correctional movement towards its growth. 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 on lower timeframes.

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

(Click on image to enlarge)


News feed for 2021.04.21:

  • – Crude Oil Stocks at 17:00 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

  • Prev Open: 1.3982
  • Prev Close: 1.3936
  • % chg. over the last day: -0.33%

Yesterday, the GBP/USD currency pair was trading in a downtrend and closed the day with a result of -0.33%. On the hourly chart, the GBP/USD pair is trading above the moving average MA (200). 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 correction of the pair to its upward movement. Based on the above, it is probably worth buying the asset after a correction.

Trading recommendations

  • Support levels: 1.3667, 1.3750, 1.3807,1.3917
  • Resistance levels: 1.4008

Now the price has approached the support level of – 1.3917. We assume that you can look for entry points to buy at the level of 1.3917 on low timeframes.

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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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