🆓 EURUSD GBPUSD USDJPY Weekly Analysis [April 05

🆓 EURUSD GBPUSD USDJPY Weekly Analysis [April 05 - April 09, 2021]

Published: Mon, 04/05/21

EUR/USD, GBP/USD, USD/JPY

Weekly Forex Analysis

(April 05 - April 09, 2021)

Hey! This is Philip with our new weekly outlook for EUR/USD, GBP/USD, and USD/JPY.

This is only a short preview. The Full Weekly Forex Analysis can be accessed here.

Full Weekly Analysis of EUR/USD GBP/USD USD/JPY

EURUSD Technical Analysis

The 1.1750 support zone in EURUSD held last week, and the pair is now trading near 1.18 again.

Nonetheless, EURUSD bulls are far from being out of the woods yet. The pair remains in a downtrend that is defined by the 1.20 resistance zone. Only a breakout above 1.20 would change the picture to bullish on the weekly chart.

The bearish channel remains largely intact and points to the 1.16 area as the projected destination. 1.16 is also the first important support for EURUSD to the downside.

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Best Regards,
Philip
Senior Forex Manager
FX Trading Revolution
w: www.fxtradingrevolution.com

e: philip@fxtradingrevolution.com

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