empty
 
 
26.04.2022: Forex Analysis & Reviews: April 26, 2022 : EUR/USD Intraday technical analysis and trading plan.

analytics62682dbacf953.jpg

Recent bullish pullback towards 1.1650-1.1680 (upper limit of the previous consolidation range) was expected to offer bearish rejection and a valid SELL Entry.

Significant bearish decline brought the EURUSD pair again towards 1.1550 levels which failed to provide sufficient BUYERS for too long period.

Hence, only a short- term sideway movement was demonstrated around 1.1550 before quick bearish decline could occur towards 1.1200.

On the other hand, the price levels around 1.1520 stood as a reference zone that applied significant bearish pressure upon two successive bullish visits.

Recent Bearish decline below 1.1100 was considered as a bearish continuation sign.

That's why, downside movement was expected to proceed towards 1.1000 then 1.0920 where the recent bullish pullback was initiated.

The price levels around 1.1150 ended the recent bullish move and a another bearish move was recently expressed.

Failure to persist below the newly-recorded LOW at 1.0700 will probably enable another bullish pullback at least towards 1.1150. Otherwise, intraday traders shouldn't have any BUY trades until then.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2024
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback