Technical analysis of EUR/USD 04/17/2019

EUR/USD currency pair continues to move within the ascending channel on a 1H timeframe. At this point, one should expect a rebound from the lower boundary of the channel at the level of 1.1300 (MA100) and an attempt to test the upper boundary of the channel in the area of 1.1370.

In favor of the growth of EUR/USD quotes will be incompletely bought on the RSI indicator and the upward direction of the moving averages.

Cancellation of the growth of quotes will be the fall below 1.1280, what will indicate a breakdown of the lower boundary of the upward channel and moving averages 100 and 200.


Created by Joshua Hayn

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