{"id":125977,"date":"2026-04-20T10:37:33","date_gmt":"2026-04-20T06:37:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=125977"},"modified":"2026-04-20T10:37:36","modified_gmt":"2026-04-20T06:37:36","slug":"the-euros-moment-of-truth-break-or-rebound-20-4-2026","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-euros-moment-of-truth-break-or-rebound-20-4-2026\/04\/20\/tech-analysis\/","title":{"rendered":"The Euro\u2019s Moment of Truth: Break or Rebound? 20\/4\/2026"},"content":{"rendered":"\n<p>The EUR\/USD pair reached the target mentioned in the previous technical report at 1.1850, hitting a high of 1.1849 before encountering selling pressure.<\/p>\n\n\n\n<p><strong>Technical Outlook \u2013 4-Hour Timeframe:<\/strong><\/p>\n\n\n\n<p>In the short term, the pair entered a corrective downtrend influenced by the strength of the US dollar. The price failed to break through the 1.1850 resistance level, leading to a decline and a retest of the 50-day simple moving average as dynamic support.<\/p>\n\n\n\n<p>Meanwhile, the Relative Strength Index (RSI) is moving near oversold territory, which could support the possibility of a temporary upward rebound.<\/p>\n\n\n\n<p><strong>Likely Scenario:<\/strong><\/p>\n\n\n\n<p>As long as the price holds above the <strong>1.1720<\/strong> support level, the potential for an upward correction remains, especially if the price manages to break through the <strong>1.1780<\/strong> resistance level. In this case, the pair might target:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1.1830<\/strong> as an initial level<\/li>\n<\/ul>\n\n\n\n<p>Conversely, breaking the support level of <strong>1.1720<\/strong> could reinforce the continuation of the downtrend, with potential targets at:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1.1660<\/strong> as the first target<\/li>\n\n\n\n<li><strong>1.1620<\/strong> as the next level<\/li>\n<\/ul>\n\n\n\n<p><strong>Caution:<\/strong> The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.<\/p>\n\n\n\n<p><br><strong>Risk Disclaimer:<\/strong> Trading CFDs involves risks, and therefore the scenarios outlined above are not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1: 1.1710<\/strong><\/td><td><strong>R1: 1.1830<\/strong><\/td><\/tr><tr><td><strong>S2: 1.1660<\/strong><\/td><td><strong>R2: 1.1900<\/strong><\/td><\/tr><tr><td><strong>S3: 1.1590<\/strong><\/td><td><strong>R3: 1.1950<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><br><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/USD pair reached the target mentioned in the previous technical report at 1.1850, hitting a high of 1.1849 before encountering selling pressure. Technical Outlook \u2013 4-Hour Timeframe: In the short term, the pair entered a corrective downtrend influenced by the strength of the US dollar. The price failed to break through the 1.1850 resistance &hellip;<\/p>\n","protected":false},"author":9,"featured_media":125983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[],"class_list":["post-125977","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=125977"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125977\/revisions"}],"predecessor-version":[{"id":125984,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125977\/revisions\/125984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/125983"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=125977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=125977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=125977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}