Support - S1 : 84.410 | S2 : 84.064 | S3 :
83.620
Resistance - R1 : 85.200 | R2 : 85.644
| R3 : 85.990
Main Trend -
Bearish
Intraday Trend -
Bearish
Considering all the details from
the charts of forex technical analysis we can detect all critical levels and trading targets
for H1 and H4 timeframes:
4H Chart
The area 84.980 – 85.183 is a neutral zone.
Bullish scenario
: If price moves upwards and close above the neutral zone, then the
upward trading targets will be : 85.567, 86.206, 86.765.
Bearish
scenario : If price moves downwards and close below the neutral zone,
then the downward trading targets will be : 83.500, 82.860, 82.220.
1H Chart
The area 84.625 – 84.700 is a neutral zone.
Bullish scenario
: If price moves upwards and close above the neutral zone, then the
upward trading targets will be : 85.106, 85.427, 85.668,
85.867.
Bearish scenario : If price moves downwards and
close below the neutral zone, then the downward trading targets will be :
84.350, 84.183, 83.863, 83.586, 83.344.
Using the above elements of forex
technical analysis, everyone can plan his own personal forex
trading strategy . We note the need to use stop loss levels.
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