Midday update for the EURUSD 22-04-2021
The EURUSD pair did not show any strong move since morning, to remain stuck between the trend keys represented by 1.1975 support and 1.2064 resistance, which makes us continue with our neutrality until the price confirms breaching one of these levels to detect the next targets clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1.1950 support and 1.2110 resistance.
The expected trend for today: Neutral
The EURNZD is surrounded by strong negative factors – Analysis – 22-4-2021
The EURNZD pair kept its negative stability within the bearish channel, affected by the negative factors represented by the moving average 55 forming additional barrier at 1.6900, in addition to stochastic negative momentum signals.
Therefore, will keep our bearish overview to expect crawling towards 1.6530 soon, followed by reaching 1.6325 support line, to form the first main target of the bearish track.
The expected trading range for today is between 1.6810 and 1.6600
The expected trend for today: Bearish
The European index fluctuates within the bullish track – Analysis – 22-4-2021
The European index provided some correctional bearish rebound recently, due to the lack of the positive momentum, recording 3935.00 level, while the main stability within the bullish channel that appears on the chart besides 3830.00 level forming additional support line support the continuation of the positivity for the upcoming trading, expecting to gather the positive momentum by reaching 4050.00 level, followed by waiting to touch the main target at 4125.00.
The expected trading range for today is between 3910.00 and 4050.00
The expected trend for today: Bullish
The EURJPY attempts to hold above the support – Analysis – 22-4-2021
Despite facing strong negative pressures lately, the EURJPY pair’s frequent stability above the bullish channel’s support line at 129.60 will increase the chances of forming new bullish trades now, expecting to target 130.75 level, while surpassing this obstacle might extend trades towards 131.60 and 132.30 levels.
On the other hand, facing continuous negative pressures and crawling below the major support will cancel the bullish overview to start forming strong bearish waves and target 129.10 followed by 128.50 levels.
The expected trading range for today is between 129.60 and 130.70
The expected trend for today: Bullish