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Daily Market Analysis 13|04|2020: EURUSD

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Daily Analysis / Online Education

Daily Market Analysis 13|04|2020: EURUSD

Intraday: Bullish


* Technical Analysis

* Preference: 
A buy trade is envisaged if price trades above 1.09721 with take  profit at 1.09919

* Alternative scenario: 
A sell trade is envisaged if price trades below 1.09478 with take  profit at 1.09264

* Fundamentals:
No major economic data with direct bearing on the currency pair

Comment: The common currency has been on a front foot against the Greenback, taking full advantage of the current weakness in the later. The pair is currently testing a verified resistance with a breakout to the upside envisaged. 

Analysis: Education Team

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