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EURUSD Trading Analysis 22.04.2021

Posted on Apr 21st, 2021

by colibritrader

@Colibritrader

Dear traders,

Last time I shared with you my thoughts on GBPJPY.

Price did go in the expected direction.

GBPJPY went down over 250 pips before bouncing back from the major support zone that I was eyeing.

Since then the trend has changed two times and price went up and down again.

Currently, it is locked in a range closer to the support level.

EURUSD Trading Analysis 22.04.2021

Today, I am looking at the EURUSD pair.

Price has pierced through a major resistance level and has tested it from above.

Currently this level acts as an area of support.

The daily candle is a bearish rejection candle or a pin bar-ish looking formation.

In the next trading session, I will be looking for the price to come down a little and ideally form a bullish candlestick on the 4H chart.

If I receive this confirmation from price, I might go long.

My potential first target would be 1.2150.

But again, this all would depend on how price is revealing itself.

Happy trading,

Colibri Trader

2 thoughts on “EURUSD Trading Analysis 22.04.2021”

Emmanuel says:

April 24, 2021 at 4:01 pm

A good analysis. I’m still learning how to trade.

Reply
1. colibritrader says:
  
  April 24, 2021 at 4:27 pm
  
  Let me know if you have any questions
  
  Reply

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