empty
 
 
13.04.2023 08:36 AM
Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Thursday April 13 2023.

This image is no longer relevant

Currently on the daily chart, the main EUR/USD currency pair appears to be stuck in its Bearish Rejection Block (Pink) area and there are also signs of weakening volatility from the upward rally movement which is indicated by the failure of the Fiber price movement to test and touch the upper Bollinger Band level and at the same time the Stochastic indicator is already at the Overbought level based on these facts in the next few days. As long as there is no movement back to its initial bias which exceeds the 1.1033 level, then EUR/USD has the potential to fall down to test the 1.0838 level.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback