Support - S1 : 1.0930 | S2 : 1.0876 | S3 : 1.0826
Resistance - R1 : 1.1035 | R2 : 1.1085 | R3 : 1.1139
Main Trend - Bullish
Intraday Trend - Bullish
The exchange rate EURUSD keep his strength and his upward momentum. According to forex technical analysis on 4H chart, the upward reaction reaches 50% Fibonacci level. The price breaks upward Andrew's Pitchfork. EMA(50) and EMA(200) have an upward cross between them. If we observe price action we will see that price is forming since now a triangular formation.
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 1.0947 – 1.0979 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1040, 1.1100, 1.1150, 1.1260.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0900, 1.0850, 1.0780, 1.0720, 1.0640.
The area 1.0976 – 1.0990 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1030, 1.1050, 1.1090, 1.1120, 1.1160, 1.1200.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0950, 1.0935, 1.0900, 1.0870, 1.0800.
There is a Bearish Harmonic Pattern at 1H chart: 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 : 1.1035 | R2 : 1.1085 | R3 : 1.1139
Main Trend - Bullish
Intraday Trend - Bullish
The exchange rate EURUSD keep his strength and his upward momentum. According to forex technical analysis on 4H chart, the upward reaction reaches 50% Fibonacci level. The price breaks upward Andrew's Pitchfork. EMA(50) and EMA(200) have an upward cross between them. If we observe price action we will see that price is forming since now a triangular formation.
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 1.0947 – 1.0979 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1040, 1.1100, 1.1150, 1.1260.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0900, 1.0850, 1.0780, 1.0720, 1.0640.
1H Chart
The area 1.0976 – 1.0990 is a neutral zone.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0950, 1.0935, 1.0900, 1.0870, 1.0800.
There is a Bearish Harmonic Pattern at 1H chart: 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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