EUR/USD Update for 30.04.2019; Two targets met, third target awaiting

EURUSD traded higher as we expected yesterday. The price tested the level of 1.1220. Strong bullish momentum is present and we still expect further upside.

Orange rectangle – 20EMA acting like support

Blue horizontal line – Resistance level

EURUSD did exactly how we expected yesterday. After the breakout of supply trendline (yellow diagonal) in the background and after the breakout of the bullish flag yesterday, the odds were on bullish movement. MACD oscillator is showing that increase in the upside momentum and that is good sign for the further upward continuation. Both our upward targets from yesterday were met at 1.1191 and 1.1220 but the third target is added and it is set at the price of 1.1260. Support levels are seen at the price of 1.1203-1.1192. Watch for buying opportunities on the dips with target at 1.1260.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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