20/04 EURUSD eyes on 1.085 level


TECHNICAL DAILY OUTLOOK – EURUSD 20th of April

EYES STILL ON 1.085

As I wrote Friday, a strong break out of the 1.085 level would encourage bulls to cover the 1.091 gap while no more attempts to hit 1.085 will lead to a correction around 1.069 area back again.

EURUSD 20th of April – H4 201 EURUSD 20th of April – H4 201

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EURUSD 20th of April – H4 202 EURUSD 20th of April – H4 202

The possible scenarios for this beginning of week are 2 (affected by the news release of next days):

– strong bullish break out of the 1.085 level will encourage bulls to cover the 1.091 gap, first, and 1.1023 then

– no more attempts to hit 1.085 will lead to a correction around 1.069 area, back again

EURUSD 20th of April – M30 EURUSD 20th of April – M30

 

Author: Simone Ambrogio

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