empty
 
 
24.04.2025 05:06 PM
Trading Signals for EUR/USD for April 24-26, 2025: sell below 1.1435 (21 SMA - 7/8 Murray)

This image is no longer relevant

Early in the American session, the EUR/USD pair is trading around 1.1358 within the downtrend channel formed on April 18. The pair is under bearish pressure. We believe the instrument has a long way to go to reach the bottom of the downtrend channel.

The euro is expected to rebound in the coming hours and reach 1.1429. On the H4 chart, it is technically reaching oversold levels. In view of this, we expect a recovery of the euro until it reaches the 21SMA or even the top of the bearish trend channel. Then, we can resume selling.

Should the euro pull back, it will be seen as a selling signal, with targets at 1.1358 and 1.1230. In the short term, we believe the euro could reach the psychological level of 1.10 around 5/8 Murray.

In March, the euro left a gap around 1.0362, and it could likely reach this area in the coming weeks. The key is to wait for the price to fall below the psychological level of 1.1000.

On the other hand, if the euro continues to rise, we should expect a breakout and consolidation above 1.1440. The bullish trend will then be confirmed, and EUR/USD could reach 1.15 and even 1.1580, and could eventually reach the 8/8 Murray around 1.1718.

Our trading plan for the coming hours is to wait for the euro to recover to resistance levels around 1.1429 or 1.1435 to sell, with targets up to 1.1230.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback