Tickmill’s Investing Diva, EURUSD Daily Outlook 30-04-20

<p>EURUSD Daily Outlook – On Wednesday the Dow surges 400 points as positive Gilead news lifted hope for coronavirus treatment, oil jumped more than 20% on hopes that the economy will reopen sooner than expected, but we found out that the US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
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<p>On Thursday we have a very busy economic calendar including the German jobs report, Eurozone GDP, and the US Core Personal Consumption Price index.</p>
<p>Today I’m looking at the EUR/USD pair as it’s just testing above the Ichimoku cloud on the 4-hour chart. The last time this happened, it was a fake bullish signal and the pair quickly turned back down at the key resistance level of 1.098.</p>
<p>This time around depending on the economic data on Thursday, the pair could find resistance at 1.0902, or continue up to the previous resistance level to create yet another lower high.</p>
<p>Do you think this time around the bulls will be strong enough to break the recent pattern? Head over to the Comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-eurusd-daily-outlook-30-04-20/">Tickmill’s Investing Diva, EURUSD Daily Outlook 30-04-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>