EURUSD Daily Analysis | 13 April 2020

13. Apr. 2020

I maintain a bearish view on EUR/USD, price is reaching our sell entry which is line with a 50% fibonacci retracement and 78.6% fibonacci extension. It is also a strong graphical level as price tested it both as a support and resistance level previously as and it is currently making another push up to test the resistance level again where we could be seeing a drop below this level. Stochastic is approaching resistance as well where we could be seeing a drop below this level.

Please leave a like and comment on which currency pair you would like me to analyze next too!