The EUR / USD pair before the opening of the American session is trading, close to Murray’s 4/8, below 1.1962 and above the 200 EMA located at 1.1901, the pair continues to point higher and closer to the monthly resistance zone of 1.1990.

The recovery from the lows near 1.1716 (Murray 0/8) on March 31 remains strong for now. The recent break above the 200-day SMA at 1.1895, gave the rally additional momentum and paves the way to reach the psychological 1.20 level in the short term.

Above the 200-day SMA, today at 1.1895, the position of the EUR / USD is expected to continue to be bullish, however, the eagle indicator is showing an overbought signal, and before new highs there should be a significant correction to the 1.1840 support approximately in the next few days.

In view that the pair has a resistance in the 4/8 of Murray around 1.1962, it is expected that there will be a downward correction until the support of the EMA of 200, at this level it can be bought again since it is also located there 3 / 8 Murray and the 4-hour uptrend channel.

Below the critical 1.1901 level, we expect the technical correction to continue to the 1.1840 support. Key level that can give you a good bullish bounce, as this will be a good opportunity for the bulls to regain strength in the market.

Support And Resistance Levels For April 14 – 15, 2021

Resistance (1) 1.1990

Resistance (2) 1.2003

Resistance (3) 1.2044

Support (1) 1.1924

Support (2) 1.1897

Support (3) 1.1867


Trading tip for EUR/USD for April 14 – 15, 2021

Sell below 1.1962 (4/8 of murray) with take profit at 1.1901 and 1.1840, stop loss above 1.1995.

Buy if rebound 1.1905 (EMA 200) with take profit at 1.1962 and 1.1992, stop loss below 1.1870.

The material has been provided by InstaForex Company –

Leave your vote

šŸš€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. āœ” 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. āœ” You either participate in one of the already listed campaigns or send us your Forex strategy :Ā Submit Crowd Funding CampaignĀ , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . āœ” 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.