Technical analysis of EUR/USD for 09/04/2019

Technical market overview:

The EUR/USD pair has violated the technical resistance at the level of 1.1249 and made a new local high at the level of 1.1274 so far. The level of 1.1249 was a tough nut the break and now it will act as technical support or the market. The next target for bulls is seen at the level of 1.1284 and the positive momentum is supporting the short-term bullish bias.

Weekly Pivot Points:

WR3 - 1.1316

WR2 - 1.1286

WR1 - 1.1248

Weekly Pivot - 1.1215

WS1 - 1.1175

WS2 - 1.1141

WS3 - 1.1100

Trading recommendations:

The trend remains bearish, so the level of 1.1284 might be a good place to re-enter the sell orders with a tight protective stop loss.

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The material has been provided by InstaForex Company - www.instaforex.com

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