EURUSD April 21 Tech Overview

21 באפר׳ 2020

From the news front we are waiting for the upcoming virtual EU leader meeting on April 23.
Virtual means that you are completely video recorded and this means less truth and more selfish.
Consensus on it is unlikely between so many participants as we can see how hard it is going during virus crisis situation.
The main problem not only how to act now, but already how to live together in long term for them.

So on minor and mt tf's we can see clear lvl around 1.09 that must be protected by bears to archive new down wave ahead.
We can mark trend is down until we stay under 1.09 / tgt 1.0640 as first and lower if broken to the downside.

Buy against the trend cud be established at 1.0804 and 1.0774, but it is only for high risk scalp players who can control risk under their own MM trading system.
Bulls need to regain 1.09 lvl to deny negative expectations. Longs are rising and this is interesting how bulls cud stand with more and more martingale. Also a point to think about.
Cheers!