{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-remains-in-sideways-price-trades-at-the-support-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-remains-in-sideways-price-trades-at-the-support-level\/","headline":"EURUSD Remains In Sideways; Price Trades At The Support Level of $1.2000","name":"EURUSD Remains In Sideways; Price Trades At The Support Level of $1.2000","description":"A break-up or break-down is imminent.Patience is needed for a bullish movement before taking a long position or a bearish movement before taking a short position.EURUSD Weekly Price Analysis – April 23If the support level is broken the market will depreciate to a low at a $1.11 price level.EURUSD Market Key Levels:Resistance levels: $1.2500, $1.3000, […]","datePublished":"2021-04-23","dateModified":"2021-04-23","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/EURUSD-LNG-T.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/EURUSD-LNG-T.png","height":568,"width":1073},"url":"https:\/\/forexschoolonline.com\/eurusd-remains-in-sideways-price-trades-at-the-support-level\/","about":["FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":296,"keywords":["EURO\/US DOLLAR","EURUSD","Technical Analysis"],"articleBody":"A break-up or break-down is imminent.Patience is needed for a bullish movement before taking a long position or a bearish movement before taking a short position.EURUSD Weekly Price Analysis – April 23If the support level is broken the market will depreciate to a low at a $1.11 price level.EURUSD MarketKey Levels:Resistance levels: $1.2500, $1.3000, $1.3500Support levels: $1.2000, $1.1500, $1.1000EURUSD Long-term trend: RangingEURUSD is ranging in its long-term outlook. Price is in a sideways trend zone. The pair is currently trading between the levels of $1.38 and $1.11Today\u2019s daily open candle at $1.20 in the support area which is bearish returns the cryptocurrency back within the range.Meanwhile, the price of EURUSD is in the overbought region of the daily stochastic around level 94%. This indicates that the price is in a bearish momentum and a sell signal.EURUSD Medium-term Trend: RangingAnalyzing the chart above we can see that the pair is in a range-bound market in its medium-term outlook.The 4-hour market opens at $1.20 in the support area within the range.EURUSD is in consolidation and trading between $1.20 in the upper resistance area and $1.13 in the lower support area of the range. As the price stays below the two EMA\u2019s indicates that bears are in control of the market.The stochastic signal at level 36% in the oversold region is an indication that buyers may likely remain dominant in the days ahead in the medium-term.A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur; hence patience is required to allow this to happen before a position is taken.Note: Forexschoolonline.com is not a financial advisor. Do your research beforeinvesting your funds in any financial asset or presented product or event. Weare not responsible for your investing results."}