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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



EUR./USD analysis for April 29, 2019

EURUSD is trading sideways in past 24h at the price of 1.1151. The strong impulsive upward movement in the background is present and you should still watch for buying opportunities.


Orange rectangle – Short-term resistance, which became key support

Yellow large diagonal – Resistance based on price action

EURUSD is in creation of the potential bullish flag just after the breakout of the supply trendline (orange) in the background. In the near term we see potential for more upside on the EUR especially since we found strong bullish divergence on the 1H+4H time-frames. Upward references are seen at the price of 1.1191 and 1.1220. Key support remains at the price of 1.1114. Watch for buying opportunities if you see potential breakout of the bullish flag.

The material has been provided by InstaForex Company -