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26.04.201712:32 Forex Analysis & Reviews: Analysis of EUR/USD for April 26, 2017

Long-term review

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Recently, the EUR/USD has been trading sideways at the price of 1.0900. On the 4H time frame, I found that the price has broken the upward trendline, which is a sign that buying looks risky. I found bearish divergent bar and hidden bearish divergence on the oscilator. My advice is to watch for potential selling opportunities. Downward targets are set at the price of 1.0725 and 1.0685.

Resistance levels:

R1: 1.0950

R2: 1.0970

R3: 1.1010

Support levels:

S1: 1.0870

S2: 1.0850

S3: 1.0810

Trading recommendations for today: watch for potential selling opportunities.

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