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Pick of the Day 27 April 2022 EURUSD

  

EURUSD Intraday: capped by a negative trend line.

Pivot Level: 1.0670

Our preference:

Short positions below 1.0670 with targets at 1.0630 & 1.0610 in extension.

Alternative scenario:

Above 1.0670 looks for further upside with 1.0695 & 1.0720 as targets.

Comment:

The RSI lacks upward momentum.

Note: The information is provided for reference purposes only and doesn’t take into account your personal objectives, financial circumstances, or needs, and does not constitute investment advice. We encourage you to seek independent advice if necessary. VT Academy will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

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