Trading Talks EUR/USD April 19
On the weekly chart: Euro Dollar fell to last year’s April-May price, but the key support 1.06200 low was not reset.
The March low of 1.08075 has been reset and now its influence will not interfere with further decline.
Other than that, look out for the MACD that has formed a divergence and even showed a signal line crossover after rising this morning.
Additionally, consider the position of EMA 100, in particular on the hourly chart, which is close enough (above) to the chart and in case of intersection will mean confirmation of the growth plan.
A further decline below the monthly low 1.07600 will mean a fall to last year’s March price and a key support of 1.06200.
