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FX.co ★ Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Wednesday April 26 2023.

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Forex Analysis:::2023-04-26T05:42:37

Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Wednesday April 26 2023.

Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Wednesday April 26 2023.

If we take a good look at the daily chart of the main EUR/USD currency pair, it can be seen that after successfully breaking above the Old High at the 1.1033 level, Fiber forms a Double Top which is also in the form of a Bearish 123 pattern even though it is in the Uptrend channel but with the MACD indicator in the Speculative area SELL gives a hint that in the next few days EUR/USD as long as it doesn't go back up and breaks above the 1.1076 level has the potential to fall down to test the 1.0910 level.

(Disclaimer)

Analyst InstaForex
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