EUR/USD price movement for April 06, 2020


As We see from the 4 hour Chart, Fiber broke the trend line. The Candlestick is already moving below the EMA 30 and the Divergence between the CCI (30). The pair is likely to reach and break through the nearest liquidity pool at 1.0773 as the first target and the 1.0720 as the secondary target. As long as Fiber does not retrace above the 1.0903 level then it may break the nearest liquidity pool target.


The material has been provided by InstaForex Company -