FX.co - EUR/USD analysis for April 26 2021 - Oversold condiiton in the rising trend. Potential for upside movement towards 1.2150

2021-04-26T11:35:52

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EUR/USD analysis for April 26 2021 - Oversold condiiton in the rising trend. Potential for upside movement towards 1.2150

Analyzing the current trading chart of EUR/USD, I found that there is the oversold condiiton in the rising trend, which is good sign for the buying.

My advice is to watch for buying opportunities with the upside target at the price of 1.2115 and 1.2150.

RSI (3) and (9 period are both into oversold condition, which is good sign for buying.Key Levels:Resistance: 1.2150Support level: 1.2086

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for April 26 2021 - Oversold condiiton in the rising trend. Potential for upside movement towards 1.2150