Fractal analysis of the EUR/USD currency pair. Trading recommendations

For the EUR/USD currency pair the key levels remained unchanged.

Forecast for April 13:

Today, the important levels for the EUR/USD are 1.3943, 1.3821, 1.3785, 1.3702, 1.3533, 1.3484, 1.3421 and 1.3276. Here, the main key levels left unchanged. We remind you we are following the development of the rising structure from April 8. The upward movement continuation is expected after the breakout of the level of 1.3702. In this case, the target is 1.3785; the price consolidation is expected around this level. The price pass of the noise range of 1.3785-1.3821 should be accompanied by a clear increasing movement to the potential target of 1.3943, after the reach of which a consolidation is awaited. A correctional downward movement is expected in the diapason of 1.3533 – 1.3484, the breakout of the last reading will lead to a deeper motion. Here the target is 1.3421. A key reversal upwards is expected from this level, its breakout will negatively affect the up-tendency extending in H1 scale.

Trading recommendations:
Buy: 1.3702 Take profit: 1.3785
Buy: 1.3821 Take profit: 1.3943
Sell: 1.3533 Take profit: 1.3484
Sell: 1.3785 Take profit: 1.3710
Buy: 1.3421 Take profit: 1.3702


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