FX.co ★ EUR/USD analysis for April 27 2021 - Completion of the downside correction and upside continuation towards 1.2115-1.2220

UK April CBI retailing reported sales 20 vs 10 expectedPrior -45Total distributive reported sales 30Prior -28UK retailers reported the sharpest upturn in sales since 2018 as non-essential shops were allowed to reopen during the month, with the headline reading jumping to is highest level since September 2018.Further Development

Analyzing the current trading chart of EUR/USD, I found that there is completion of the downside correction and the bull flag pattern in the play.

My advice is to watch for buying opportunities on the dips with the upside targets at 1.2116 and 1.2220.

Additionally, there is the successful test and reject of the rising trend line and previous day low, which is another confirmation for further upside continuation.

Support level is set at 1.2070