FOREX:EUR/USD Bearish Below 1.2306: Major Support and Resistance 26.04.2018

EUR/USD -- On lower highs, lower lows pattern since late
March; lower end of trend channel since Feb. 16 comes ~1.2030;
pivotal 1.2070-90 area may come into play should 1.2155 support
fail to hold; pair remains bearish on closes below 1.2306,
* 3rd resistance: 1.2412-22, trendline since Feb. 16, March 28
high
* 2nd resistance: 1.2297-1.2321, 21-, 55-DMAs
* 1st resistance: 1.2250, April 20 low
* Spot: 1.2178
* 1st support: 1.2155, March 1 low
* 2nd support: 1.2070-90, January breakout area
* 3rd support: 1.2032-38, 23.6% Fibonacci retracement of gains
since Jan. 2017, lower end of trend channel since Feb. 16

GBP/USD -- Bearish trend persists on consecutive closes
below 55-DMA; DeMark sell countdown unfolds, now at bar 7 of
possible 9
* 3rd resistance: 1.4094, 21-DMA
* 2nd resistance: 1.4031, April 23 high
* 1st resistance: 1.4010, 55-DMA
* Spot: 1.3942
* 1st support: 1.3918, April 24 low
* 2nd support: 1.3890, March 16 low
* 3rd support: 1.3854, 78.6% Fibonacci retracement of gains
since March 1

USD/JPY -- Moves above Ichimoku cloud first time since
early January; currently at bar 6 of possible 9 DeMark sell
setup series
* 3rd resistance: 110.50, 233-DMA
* 2nd resistance: 109.65, midpoint of losses since Nov. 6
* 1st resistance: 109.47, Asia session high
* Spot: 109.31
* 1st support: 108.54, April 24 low
* 2nd support: 108.18, midpoint of Monday’s gains
* 3rd support: 107.78, April 13 high

AUD/USD -- Stays near year-to-date low; bearish engulfing
line on the weekly as BBDXY rallies; currently at bar 6 on daily
DeMark Buy Setup
* 3rd resistance: 0.7695, 21-DMA
* 2nd resistance: 0.7683, April 23 high
* 1st resistance: 0.7621, April 24 high
* Spot: 0.7572
* 1st support: 0.7552, April 25 low
* 2nd support: 0.7502, Dec. 8 low
* 3rd support: 0.7373, June 2017 low

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