EUR/USD analysis for April 20 2021 – Bullish flag pattern in the play and potetnial for test of 1..2078

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EUR/USD analysis for April 20 2021 - Bullish flag pattern in the play and potetnial for test of 1..2078

EUR/USD analysis for April 20 2021 – Bullish flag pattern in the play and potetnial for test of 1..2078

Japan February tertiary industry index +0.3% vs +0.5% m/m expected

Further Development

EUR/USD analysis for April 20 2021 - Bullish flag pattern in the play and potetnial for test of 1..2078

Analyzing the current trading chart of EUR, I found that there is the potential for the upside continuation and test of 1.2048 and 1.2100.

My advice is to watch for buying opportunities on the dips with the upside targets set at 1.2048 and 1.2100.

Additionally, there is the test of the middle BOllinger band, which is another sign for potential buying.

Key support level is set at 1.2040

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

Source : https://www.fx.co/forex_analysis/quickview/217646/