EUR/USD tech levels 19 April
We’re not far off from where we were yesterday so the tech picture hasn’t changed that much.
The weekly chart is the same with the 100 ma slow creeping towards the 50 fib at 1.3227. It’s probably far enough away to be discounted for now and there’s plenty in the way before we get there.
On the daily the 55 ma has crept lower to 1.3100 and mixed in with sell orders could keep a lid on things. Just above is the 38.2 fib at 1.3113 and the 100 ma at 1.3148.
The H1 chart makes for more interesting reading as we have the 55, 200 & 100 ma’s in close proximity between 1.3075/85. With added mild resistance at 1.3090 and aforementioned offers/tech at 1.3100 there’s certainly some work to be done to break higher. As you will note, we’ve also got a trend line putting a base under any downside moves for the moment.
I did this a little earlier so as you will see some levels have already been breached. The topside tech is still in play.
