Forex Technical Analysis of EURUSD for July 20, 2015 | Forex Signals Market
Saturday, July 18, 2015

Forex Technical Analysis of EURUSD for July 20, 2015

Support                            -   S1 : 1.0802 | S2 : 1.0775 | S3 : 1.0723
Resistance                       -   R1 : 1.0881 | R2 : 1.0933 | R3 : 1.0959
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:


Forex Technical Analysis

4H Chart


The area 1.0880  – 1.0900   is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 1.0957, 1.0985, 1.1030, 1.1065, 1.1100.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 1.0770, 1.0730, 1.0660.


1H Chart



The area 1.0852 – 1.0862  is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 1.0880, 1.0910, 1.0930, 1.0965, 1.0985.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 1.0785, 1.0735, 1.0700.

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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