27.04.202113:23 Forex-elemzések és áttekintések: Technical analysis recommendations for EUR/USD and GBP/USD on April 27

EUR/USD

There is currently a slight slowdown. The bulls took a break after updating last week's high. At the same time, the levels of 1.2064 (weekly level) and 1.2060 (upper border of the daily cloud) still serve as support levels. Consolidation, maintaining the reached heights, and continuing the growth will allow us to consider new upward targets. Here, the nearest target will be the maximum extremum (1.2243) of February, while the nearest resistance may be the historical level of 1.2150. If these supports are broken and a reliable consolidation occurs below it, we will consider the downward targets, which are the daily short-term trend of 1.2030 and the accumulation of levels at 1.1976.

A downward correction is developing in the smaller time frames. Bears captured the central pivot level (1.2087), so their main pivot point is now the support for the weekly long-term trend (1.2052). Today, the key levels (1.2087 - 1.2052) in the lower period are strengthened by the significant levels in the higher ones that are set in the 1.2060 area. Therefore, a breakdown and consolidation below can change not only the balance of forces in the hourly chart, but also have consequences on other time intervals. We can also note the supports for the classic pivot levels located at 1.2031 and 1.2002, while resistances are at 1.2114 - 1.2143 - 1.2170.

GBP/USD

On Monday, bearish players were not able to confirm and continue the emerging sentiments. The deceleration caused by encountering the support levels (lower limit of 1.3839 daily medium-term trend) persists. It should be noted that the breakdown of this zone will open up opportunities to continue the decline. So the next support levels are at 1.3798 and 1.3710-1.3669. If the slowdown drags on, then the bulls can gather strength for a new test of the important levels of 1.3955 (weekly short-term trend + upper limit of the daily cloud) - 1.4002 (upper limit of the monthly cloud).

For a long time, bullish traders have been busy struggling for the main line in the hourly time. Today, it is currently located at 1.3901 (weekly long-term trend) and is joining forces with the central pivot level (1.3896). A breakdown and reversal of the moving average will strengthen bullish mood and opportunities. The intraday upward targets can be noted at 1.3927 - 1.3961 - 1.3992 (classic pivot levels). On the contrary, if one desires to maintain the bearish advantage at this stage, it is important to break through the support (1.3839) of the higher period and update the low (1.3823) in order to further decline. The supports of the classic pivot levels are set at 1.3862 - 1.3831 - 1.3797.

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Ichimoku Kinko Hyo (9.26.52) and Kijun-sen levels in the higher time frames, as well as classic Pivot Points and Moving Average (120) on the H1 chart are used in the technical analysis of the trading instruments.