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Thursday, April 22, 2021

EUR/USD Eyeing Possible Resistance

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EUR/USD can be trading in an uptrend, up from 1.12 level. We see the latest recovery from 1.178 level as sub-wave v of 5, the final leg of a bigger impulse, which can look for resistance and a bearish turn at the 1.20/1.22 level, where the Fibnacci ratio of 100.0 and 61.8, and the middle and upper channel line can slow the bulls down.

eurusd, 4h

eurusd, 4h

EUR/USD Eyeing Possible Resistance

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