Currency market review 24 April, 2019

What does our team see?

Strengthening the US dollar πŸ‡ΊπŸ‡Έ and for some time it will most likely continue.

The picture resembles a scenario from textbooks on technical analysis. The mood of the market is upward.

After the completion of the upward correction, which, for the most part, developed within the framework of weak equity and was actually a consolidation, the price of the euro πŸ‡ͺπŸ‡Ί shows signs indicating a further decline.

The troubles in France add fuel to the fire, controversy between the US and the EU, also have no positive shade for the euro. The general mood of the market is downward.

Briton πŸ‡¬πŸ‡§, after an artificially induced technical correction, begins to show uncertainty.

The test of the key resistance level was carried out several times, after which the price gradually began to decline. Key price support levels have already been overcome.

The question of Brexit is still open, which does not inspire confidence in the growth of the pound. The general mood of the market in the medium term is downward.