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EUR/USD Technical Analysis 29 April ,2015

Source: ACFX Forex Broker (acfx Review)

Tuesday EURUSD continued to rally and has now traded up to a major down channel top.

The question is can EURUSD breach this and the 1.1000 level or will sellers come into the market and push the price action lower.

This morning I am monitoring the price action for a test of the channel top.

Alternatively a failure to sustain a move above this level could see EURUSD trade back down to the 1.0900 support level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0850 level.

EUR/USD Chart

euro

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