Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA - 3/8 Murray)

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Technical analysis


Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA - 3/8 Murray)


EUR/USD is trading around 1.10710, above




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25.04.2024 05:56 PM






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EUR/USD is trading around 1.10710, above the 21 SMA, and within the uptrend channel forming since April 12. During the European session, the euro reached a high of 1.07388, the level that coincided with the top of the bullish trend channel and with the 4/8 Murray zone. Both levels represent strong resistance.Since reaching the top of the bullish channel, EUR/USD lost ground. Since then, it has been bouncing above the SMA 21 located at 1.0584 and around 3/8 Murray which




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