Support - S1 : 1.1322 | S2 : 1.1298 | S3 : 1.1261
Resistance - R1 : 1.1383 | R2 : 1.1420 | R3 : 1.1444
Main Trend - Bullish
Intraday Trend - Bearish
According to forex technical analysis, the exchange rate EURUSD, in 4H chart, find support from EMA(50) and from the downside of lower channel of an upward Andrew's Pitchfork. We must pay attention to the direction of RSI and also to the negative momentum of MACD.
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:
The area 1.1370 – 1.1394 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1425, 1.1485, 1.1530, 1.1570, 1.1640.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.1287, 1.1225, 1.1170, 1.1135.
The area 1.1360 – 1.1375 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1395, 1.1415, 1.1440, 1.1470.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.1320, 1.1290, 1.1260.
In Daily chart, there is a Harmonic Pattern - Bearish Henry.
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.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
Resistance - R1 : 1.1383 | R2 : 1.1420 | R3 : 1.1444
Main Trend - Bullish
Intraday Trend - Bearish
According to forex technical analysis, the exchange rate EURUSD, in 4H chart, find support from EMA(50) and from the downside of lower channel of an upward Andrew's Pitchfork. We must pay attention to the direction of RSI and also to the negative momentum of MACD.
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 1.1370 – 1.1394 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1425, 1.1485, 1.1530, 1.1570, 1.1640.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.1287, 1.1225, 1.1170, 1.1135.
1H Chart
The area 1.1360 – 1.1375 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1395, 1.1415, 1.1440, 1.1470.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.1320, 1.1290, 1.1260.
In Daily chart, there is a Harmonic Pattern - Bearish Henry.
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.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
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