13.04.202005:54 Forex Analysis & Reviews: EUR/USD IPDA 60-Day Range for April 13, 2020

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Looking at the 4-hour chart, we see that EUR/USD has already got into a discount area on the grounds of the Interbank Price Delivery Algorithm (IPDA). A 60-day trading range means the odds are that the Fiber will move up soon. Nevertheless, before EUR/USD goes up, the price is expected to make a small retracement not more than below 1.0830 to gain healthy momentum for reaching to the next liquidity pool at 1.0970.

The overall bias of EUR/USD is bullsih.

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