According to forex technical analysis for the exchange rate EURUSD we
observe on 4h chart that price reacted from the low area at 1.3331 and now is on
the median line of Andrews Pitchfork and also very close to the upper side of
the falling channel.
On the hourly chart, the picture is the same as the four-hour chart. The only difference is that the price is above the EMA(50). Also you should note that macd on the hourly chart shows momentum to reduce.
According to forex technical analysis all the critical levels for today are as follow :
If price moves above the neutral zone our trading targets will be : 1.3420, 1.3445, 13480, 1.3500
In the opposite case where the price decline and close below the neutral zone our trading targets will be : 1.3331, 1.3290, 1.3250
If price moves above the neutral zone our trading targets will be: 1.3400, 1.3415, 1.3430
If price moves below the neutral zone our trading targets will be: 1.3368, 1.3350, 1.3330
We note the need to use stop loss levels. After all the above informations we can design a forex trading strategy in order to follow, which will have based on forex technical analysis.
You can study the forex signals in our page on Twitter and on Facebook.
On the hourly chart, the picture is the same as the four-hour chart. The only difference is that the price is above the EMA(50). Also you should note that macd on the hourly chart shows momentum to reduce.
According to forex technical analysis all the critical levels for today are as follow :
4H Chart
The area 1.3367 – 1.3384 is a neutral zone.If price moves above the neutral zone our trading targets will be : 1.3420, 1.3445, 13480, 1.3500
In the opposite case where the price decline and close below the neutral zone our trading targets will be : 1.3331, 1.3290, 1.3250
1H Chart
The area 1.3378 – 1.3384 is a neutral zone.If price moves above the neutral zone our trading targets will be: 1.3400, 1.3415, 1.3430
If price moves below the neutral zone our trading targets will be: 1.3368, 1.3350, 1.3330
We note the need to use stop loss levels. After all the above informations we can design a forex trading strategy in order to follow, which will have based on forex technical analysis.
You can study the forex signals in our page on Twitter and on Facebook.
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