EURUSD Technical Analysis Report 21 April, 2021

• EURUSD reversed from resistance area
• Likely to fall to support level 1.1985

EURUSD currency pair recently reversed down with the daily Japanese candlesticks reversal pattern Shooting Star from the resistance area lying between the key resistance level 1.2100 (top of the previous minor corrective wave 2 from the start of March), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous ABC correction from January from March.

Given the strength of the aforementioned resistance area – EURUSD currency pair can be expected to fall further in the active corrective wave (2) toward the next support level 1.1985 (former résistance from the start of March).

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