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Saturday, April 17, 2021

✍️ EURUSD: analytical forecast for April 19-23.

✍️ EURUSD: analytical forecast for April 19-23.


🌐 Over the past trading week the preponderance of buyers on CoT reports increased by 5%, indicating a likely continuation of growth during the coming trading week.
A 2% decrease in investors' locked positions also supports the assumption of a likely unidirectional move in the asset's quotes on the daily timeframe .
The nearest long-term support level on the daily timeframe is the option balance of the week (1.1940).
πŸ”₯ The main scenario for the coming trading week is a successful test of this support and the subsequent rise with the nearest target, the premium level of the hedge zone (1.2021).
In case of breakdown and fixation below the balance of the week (1.1940) the next support is the price level of 1.1890, where the hedging zone and the limit order to buy in the volume of $120 million are located.
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