XM.com - Trade Forex with up to 1:500 Leverage and up to $5000 Bonus.
FXRank technical section offers a profound and in-depth text and video Forex and Commodities technical analysis reports done by professional analysts with a great understanding of the market
Advertisement etoro

EURUSD – daily cloud/10SMA hold for now but the downside remains vulnerable

Written by By Slobodan Drvenica | 2018-04-16 07:17:27 GMT

The Euro traded within tight range in Asia on Monday, showing no significant reaction on US strikes on Syria over the weekend.
The EURUSD pair maintains bullish bias at the beginning of the week, despite last week’s pullback to 1.2299, as repeated downside attempts were contained by 10SMA and repeatedly closed above thick daily cloud which continues to underpin.
Near-term action is in consolidative mode above the cloud top (1.2327), also Fibo 38.2% of 1.2215/1.2396 upleg and supported by rising 10SMA (1.2310), however, weak momentum studies  keep in in play risk of fresh attacks at clout top / 10 SMA supports.
Clear break here would be bearish signal for further retracement of 1.2215/1.2396 upleg.
Close above 55SMA (1.2335) will be initial bullish signal, but regain of 1.2377 (tops of 12/10 Apr / Fibo 61.8% of 1.2476/1.2215 descend) is needed to neutralize bearish threats.

Res: 1.2335; 1.2345; 1.2377; 1.2400
Sup: 1.2327; 1.2310; 1.2299; 1.2284

EURUSD

Interested in EURUSD technicals? Check out the key levels

    1. R3 1.2388
    2. R2 1.2368
    3. R1 1.2349
  1. PP 1.2328
    1. S1 1.231
    2. S2 1.2289
    3. S3 1.227

 

 

Author

By Slobodan Drvenica
InstaForex

Start Trading With Top Industry Brokers

Broker Profile Open Account
XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC, FCA
  • XM
    Markets
  • Minimum Deposit: 100 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC
  • Markets
    Trade
  • Minimum Deposit: 250 USD
  • Leverage of up to 1:200
  • Broker Type : Market maker
  • Regulation : CySEC
  • Trade

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    FBS
  • Offer: 50USD No Deposit Bonus
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    eToro
  • Offer: 1000USD Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:400
  • Broker Type : STP
  • Regulation : ASIC, 335692 CFTC/NFA, 0382918 CySEC, 109/10
  • eToro

    Contact us
    fxrank.net@gmail.com