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24.04.2020: Forex Analysis & Reviews: Euro fell sharply amid EU summit results

Signals for the EUR/USD pair:

If the pair breaks through the level of 1.0819, the euro is likely to grow to 1.0791 and 1.0818.

A breakthrough at 1.0763 may lead to a sell-off of the euro at 1.0718 and 1.0636.

Signals for the GBP/USD pair:

If the pair breaks through the level of 1.2374, the British pound may rise to 1.2417 and 1.2476.

A breakthrough at 1.2336 is likely to lead to a sell-off of the British pound at 1.2264 and 1.2173.

Fundamental data:

The Ifo Business Climate indicator for Germany, the UK retail sales volume index, including fuel, and new orders for US durable goods are set for release today.

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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