EURUSD Price Analysis – April 27
The single currency extends the bullish momentum into Monday’s session and boosts EURUSD to the 2-day high region about 1.0860 unyielding level in an attempt to stabilize the recovery to 1.0900 level. The leading countries in Europe also have confirmed substantial changes in COVID-19 figures.
Key Levels
Resistance Levels: 1.1495, 1.1146, 1.0990
Support Levels: 1.0721, 1.0635, 1.0569
EURUSD Long term Trend: Ranging
The pair is presently gaining 0.14 percent at level 1.0845 and a breakout of level 1.0860 (high) may attempt level 1.0990 (high Apr.15) heading back to level 1.1055. On the contrary, instant contention is at level 1.0768 (low) level followed by level 1.0635 (low) and ultimately, level 1.0569 (low).
But strong resistance persists at level 1.0900, which kept down the currency pair late last week and then by level 1.0930, a swing high from early in the month. lA strong support is also anticipating a level of 1.0812, a low-level last week, and then an early April downturn of 1.0768 level.
EURUSD Short term Trend: Ranging
Intraday bias in EURUSD appears initially neutral. On the contrary, a breach of 1.0900 level may probably expand the reversal trend from level 1.0635 with yet another upsurge to level 1.0990.
However short-term recovery of 1.1146 to 1.0635 at 1.1167 levels will be restricted by a 61.8 percent pullback. At the downside, a breach of 1.0721 level may aim at a low-level test of 1.0635.
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.