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4/28/2016 3:33:01 AM

EURUSD amid positive outlook - Technical Analysis - 28-04-2016



EURUSD rose in the intraday levels, with the dominance of the upward trend in the medium and short terms, combined with ongoing positive pressure from the SMA for the last 50 days period, and an influx of positive signals from relative power indicators, while the pair settles above the important support of 1.1250, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the long term (from 1.1713 to 1.0499).

Therefore we expect more gains to come for the pair, targeting the resistance of 1.1454, which represents the ratio 78.6% of the same retracement levels.


Target
Risk


Support
Resistance


Trend Bullish

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