From the Bollinger band, the price of EURUSD has broken up the upper band, the resistance level. The Bollinger band is still expanding, which means the bull market is still on the way. Although many traders worried that if the market turned to a bullish direction, from the performance of MACD, the 12-period EMA has crossed the 26-period EMA to form a golden cross. Also, the column has shifted from red to green, which indicates the buying power has gradually taken the dominant status, and the EURUSD will experience a slight rise. RSI indicator has reached the overbought level at 65% with an ascending trend. From the daily chart of EURUSD, the price is expected to hit the March high resistance level at 1.1495. After reaching out to this level, the EURUSD will drop back to the new support at 1.135.
Important resistance level: 1.1495
Important support level: 1.135
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.