analytics6075a4a08d6f5.jpg

The EUR / USD pair, in the morning of the American session, in 4-hour charts is trading, above the 200 EMA and the 21 SMA, with an upward trend, although the eagle indicator is showing overbought, a correction is imminent in the next few hours.

The consumer price index rose to 2.6%, the highest level since 2018. The figure beat expectations and triggered a drop in Treasury yields, pushing the dollar lower.

The EUR / USD pair rose to 1.1933 after the US inflation figures for March were known that were above expectations, in turn gave the Euro and the stock market a bullish momentum.

Around the zone of 1.1930, and 1.1962, there are 2 levels of resistance, it is likely that the EUR / USD pair will find these top, and its movement will be stopped.

The eagle indicator has entered an overbought zone, it is likely that there will be a correction before another bullish wave, given that 1.1930-1.1960, is a strong barrier, it is expected that there will be a technical correction.

Our recommendation is to buy above 1.1912, if this level is broken, and trades below 1.1901 there is the 3/8 of Murray and the EMA of 200, it will be an opportunity to sell.

Support And Resistance Levels For April 13 – 14, 2021

Resistance (1) 1.1946

Resistance (2) 1.1972

Resistance (3) 1.1991

Support (1) 1.1898

Support (2) 1.1878

Support (3) 1.1846

***********************************************************

Trading tip for EUR/USD for April 13 – 14, 2021

Buy if rebound 1.1912 (EMA 200) with take profit at 1.1962, stop loss below 1.1880.

Sell below 1.1901 (SMA 21 and EMA 200) with take profit at 1.1840, stop loss above 1.1935.

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

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.