FX.co ★ EUR/USD analysis for April 21 2021 - End of the downside correction and potential for new upside wave towards 1.2075

BOJ steps in with £70.1 billion worth of ETF purchases today

Further Development

Analyzing the current trading chart of EUR, I found that EUR looks exhausted on the downside swing and that we might see further buying continuation.My advice is to watch for buying opportunities on the pullbacks with the upside targets at 1.2025 and 1.2075.Stochastic oscillator is showing bullish divergence and another bull cross, which is good sign for further upside movement.

Key Levels:

Resistance: 1.2025 and 1.2075.Support level: 1.2000