Tickmill’s Investing Diva, EURUSD Daily Outlook 13-04-20

<p>EURUSD Daily Outlook – On Sunday Saudi Arabia, Russia and the U.S. agreed to lead a multinational coalition in major oil-production cuts to deal with the decrease in oil demand resulting from the Coronavirus pandemic.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.</p>
<p>On Monday we’ll be eyeing China’s trade balance and Australia’s NAB Business Confidence (MAR). The majority of the major pairs have continued to consolidate throughout the weekend.</p>
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<p>Today I’m looking at the EUR/USD pair which has been trying hard to break above the 4-hour Ichimoku cloud without any luck, and the sentiment turned bearish early during Monday’s Asian session. However, Ichimoku’s Tenkan line has crossed above the Kijun line, which is a bullish indication.</p>
<p>If the pair is able to cross above 1.0950 on Monday, we could say that the uptrend has regained energy and we could see further gains towards the 50% Fibonacci retracement level of 1.11.</p>
<p>Do you think the pair will confirm above the Ichimoku cloud on Monday? 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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