A few days ago we sent out an analysis on the EURUSD price . In that post we spoke about important support levels and the possibilities of a strong bullish price action .The Last analysis we sent out on  the EURUSD price found support at level 1.9421 and resistance at price level 1.9952 . The link below can be used as reference .https://fxsits.com/eurusd-price-trades-at-support-level-so-what-now/ .  

EURUSD H4 Chart 22 April 2021
EURUSD H4 Chart 22 April 2021

In the past market sessions  we have seen how the EURUSD price broke past the previous resistance level. This level currently acts as our support @ level 1.19952.  With price now trading at the support level after it found resistance from level 1.20814.  

Our analysts believe that if price moves bearish and break past level 1.19952. Possibilities are that level 1.9421 will be exposed. It could also become our next  support level. However, if we see price move bullish and break past level 1.20814 then level 1.21844 will be expose. This level will be our next Resistance level.

EURUSD Daily Chart 22 April 2021
EURUSD Daily Chart 22 April 2021

We at believe that price still holds strong bullish price action. The Euro may gain strength due to indicators that show us good bullish price action in the long terms. Note that during this run there will be pullbacks and supports .So be cautious on how you trading  the pair.

NB: Warning Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consider position sizing before entering a trade and manage your risk accordingly. Please read the risk warning before deciding to trade the markets

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