Intraday technical levels and trading recommendations for EUR/USD for April 10, 2018 888011000 110888 Daily Outlook The EUR/USD set remains trapped in between the cost levels of 1.2200 and 1.2500 till breakout occurs in either directions.Daily perseverance above 1.2470-1.2500 was had to validate a recent bullish flag continuation pattern with predicted targets around the price level of 1.2750. Considerable indications of bearish reversal were manifested around the price levels of 1.2400(behind of the illustrated damaged uptrend ). This was manifested in the bearish engulfing daily candlestick of March 28. Hence, the EUR/USD set stays bearish below the price levels of 1.2400 unless obvious everyday bullish assistance is provided around the cost level of 1.2200. The bullish circumstance isthought about a low probability after the current bearish breakdown of 1.2300 happened on April 3. The illustrated Multiple-Top turnaround pattern needs bearish breakdown of the level of 1.2200 to be attained on a daily basis. Bearish Forecast target would lie around 1.2070-1.1990. The material has been offered by InstaForex

By | April 10, 2018

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