Forex Technical Analysis of EURUSD for February 29, 2016

Support                              -   S1 : 1.0872 | S2 : 1.0813 | S3 : 1.0715
Resistance                          -   R1 : 1.1029 | R2 : 1.1127 | R3 : 1.1186
Main Trend                       -   Bearish
Intraday Trend                 -   Bearish

Applying all the rules of forex technical analysis on 4H chart for the exchange rate EURUSD we can easily observe that the price is moving within a channel (blue lines). On Friday, the price breaks downward and close out of the channel. EMA(50) and EMA(200) are above the price and give us the suspicion that a downward cross between them is coming.

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 of EURUSD for February 15, 2016

Support                              -   S1 : 1.1201 | S2 : 1.1147 | S3 : 1.1081
Resistance                          -   R1 : 1.1320 | R2 : 1.1387 | R3 : 1.1440
Main Trend                       -   Bullish
Intraday Trend                 -   Bullish

Following all the rules of forex technical analysis on 4H chart for the exchange rate EURUSD we can see that the price is moving within an upward channel. EMA(50) and EMA(200) have an upward cross between them. The price is above EMA(50). The RSI is at 50 level and MACD is with reduced momentum.

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 of EURUSD for February 08, 2016

Support                              -   S1 : 1.1093 | S2 : 1.1032 | S3 : 1.0956
Resistance                          -   R1 : 1.1230 | R2 : 1.1306 | R3 : 1.1366
Main Trend                       -   Bullish
Intraday Trend                 -   Bullish

Applying all the rules of forex technical analysis and studying the 4H chart of the exchange rate EURUSD we observe that the price is moving above two Andrew's Pitchfork (blue lines and green lines). EMA (50) and EMA(200) have an upward cross between them. The price remains above of EMA(50) and EMA(200).

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 of EURUSD for February 01, 2016

Support                              -   S1 : 1.0777 | S2 : 1.0724 | S3 : 1.0638
Resistance                          -   R1 : 1.0916 | R2 : 1.1001 | R3 : 1.1055
Main Trend                       -   Neutral
Intraday Trend                 -   Bearish

The exchange rate EURUSD remain in a sideway move on Daily chart. Studying the 4H chart of forex technical analysis, we can observe that the price close below EMA(50) and EMA(200). The price remains within the lower channel of Andrew's Pitchfork (blue lines). There is another Andrew's Pitchfork (green lines) and the price is near to the median line. We must consider as critical point the area where the median line of green Andrew's Pitchfork cross the lower line of blue Andrew's Pitchfork.

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 of EURUSD for January 25, 2016

Support                              -   S1 : 1.0766 | S2 : 1.0734 | S3 : 1.0679
Resistance                          -   R1 : 1.0853 | R2 : 1.0908 | R3 : 1.0941
Main Trend                       -   Neutral
Intraday Trend                 -   Bearish

According to forex technical analysis for the exchange rate EURUSD, the price is moving sideways in a range from 1.0700 - 1.0980. On 4H chart, we can observe that price is moving below EMA(50) and EMA(200) which have a downward cross between them. Also, the price remains within the lower channel of Andrew's Pitchfork (blue lines).

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 of EURUSD for January 18, 2016

Support                          -   S1 : 1.0849 | S2 : 1.0786 | S3 : 1.071                 
Resistance                      -   R1 : 1.0979 | R2 : 1.1047 | R3 : 1.1111              
Main Trend                   -   Neutral         
Intraday Trend             -   Bullish

On 4H chart of forex technical analysis for the exchange rate EURUSD, we can observe that the price close on Friday on the median line of Andrew's Pitchfork (blue lines). At the same moment, there is another Andrew's Pitchfork (green lines) and the price close on the bottom of the lower channel. Price find support from this two Andrew's Pitchfork. EMA(50) and EMA(200) are exactly at the same point and offer a very strong support level.
Our estimation is that a pullback at area EMA(50) and EMA(200) is possible a great opportunity for a buy position with the first target around 1.1000 and the second target 1.1050 - 1.1070.

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 of EURUSD for January 04, 2016

Support                              -   S1 : 1.0835 | S2 : 1.0802 | S3 : 1.0751
Resistance                          -   R1 : 1.0920 | R2 : 1.0970 | R3 : 1.1004
Main Trend                       -   Neutral
Intraday Trend                 -   Bearish

Applying all the rules of forex technical analysis on 4H chart for the exchange rate EURUSD we can observe that the price remains below EMA(50) and EMA(200), but the cross between them is upward. The price is moving within the upper channel of Andrew's Pitchfork (crimson lines).
Is very clear that the price is moving within a range from 38.2 - 50.0% Fibonacci retracement.
There are suspicions for a possible support around this area. If happens something like that, an upward move at 1.1050 and maybe more is very possible.

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 of EURUSD for December 21, 2015

Support                              -   S1 : 1.0823 | S2 : 1.0779 | S3 : 1.0753
Resistance                          -   R1 : 1.0893 | R2 : 1.0918 | R3 : 1.0963
Main Trend                       -   Bearish
Intraday Trend                 -   Bearish

Studying the 4H chart of forex technical analysis for the exchange EURUSD, we realize that after the announcement of US interest rate the pressure for EURUSD lead price below EMA(50) and EMA(200), but the cross between them remain in an upward direction. Finally price close between EMA(50) and EMA(200). Also, we observe that the price move within the upper channel of Andrew's Pitchfork (blue lines).

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 of EURUSD for December 14, 2015

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:

Forex Technical Analysis of EURUSD for December 07, 2015

Support                              -   S1 : 1.0825 | S2 : 1.0770 | S3 : 1.0704
Resistance                          -   R1 : 1.0945 | R2 : 1.1010 | R3 : 1.1065
Main Trend                       -   Bearish
Intraday Trend                 -   Bullish

Studying the 4H chart of forex technical analysis for the exchange rate EURUSD you can observe that price break upward the triangular formation. Price remain above EMA(50) and EMA(200) and move within the upper channel of Andrew's Pitchfork.

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 of EURUSD for November 30, 2015

Support                             -   S1 : 1.0561 | S2 : 1.0529 | S3 : 1.0490

Resistance                         -   R1 : 1.0631 | R2 : 1.0669 | R3 : 1.0701

Main Trend                      -   Bearish

Intraday Trend                -   Bearish

On 4H chart of forex technical analysis for the exchange rate EURUSD, you can see the price move within the lower channel of Andrew's Pitchfork and below EMA(50) and EMA(200). The downtrend is strong enough and all the positive divergence to MACD was unable since now to cause an upward reaction.

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 of EURUSD for November 23, 2015

Support                             -   S1 : 1.0610 | S2 : 1.0576 | S3 : 1.0512
Resistance                         -   R1 : 1.0709 | R2 : 1.0772 | R3 : 1.0807
Main Trend                      -   Bearish
Intraday Trend                -   Bearish

If we want to describe the 4H chart of forex technical analysis for the exchange rate EURUSD we have to say that price was unable to break upward the EMA(50) and remain within the lower channel of Andrew's Pitchfork (blue). After the drop of last hours formed a new Andrew's Pitchfork (violet). Price test the median line and at the same time has lost any positive momentum for an upward reaction.

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 of EURUSD for November 16, 2015

Support                              -   S1 : 1.0719 | S2 : 1.0664 | S3 : 1.0616
Resistance                          -   R1 : 1.0822 | R2 : 1.0870 | R3 : 1.0925
Main Trend                       -   Bearish
Intraday Trend                 -   Neutral

On 4H chart of forex technical analysis price continues to move within the lower channel of a downward Andrew's Pitchfork. Price remain below EMA(50) and EMA(200). A possible upward break of EMA(50) must consider as a first indication for a reaction.

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 of EURUSD for November 09, 2015

Support                             -   S1 : 1.0663 | S2 : 1.0586 | S3 : 1.0471
Resistance                         -   R1 : 1.0855 | R2 : 1.0970 | R3 : 1.1047
Main Trend                       -   Bearish
Intraday Trend                 -   Bearish

On forex technical analysis of 4H chart is very clear that the price moves within a downward channel and at the lower channel of Andrew's Pitchfork. There is a downward cross between EMA(50) and EMA(200).

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 of EURUSD for November 02, 2015

Support                              -   S1 : 1.0956 | S2 : 1.0907 | S3 : 1.0848
Resistance                          -   R1 : 1.1170 | R2 : 1.1121 | R3 : 1.1063
Main Trend                       -   Bearish
Intraday Trend                 -   Bullish

The strong downward pressure after the release of US interest rates led the price until the low level of 1.0898. By studying the H4 chart of forex technical analysis for exchange rate EURUSD may notice that the price is moving within one downward channel while situated on the median line of the Andrews Pitchfork. The EMA (50) and EMA (200) have downward crossed between them.

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 of EURUSD for October 26, 2015

Support                              -   S1 : 1.0962 | S2 : 1.0907 | S3 : 1.0819
Resistance                          -   R1 : 1.1105 | R2 : 1.1194 | R3 : 1.1249
Main Trend                       -   Bearish
Intraday Trend                 -   Bearish

On forex technical analysis of 4H chart for exchange rate EURUSD, we can observe that price finds support on the bottom of the channel and at the same time moves at the lower channel of Andrew's Pitchfork. EMA(50) and EMA(200) is at the same point and ready to proceed to a downward cross (death cross).

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 of EURUSD for October 20, 2015

Support                              -   S1 : 1.12946 | S2 : 1.12633 | S3 : 1.12212
Resistance                          -   R1 : 1.13680 | R2 : 1.14101 | R3 : 1.14414
Main Trend                       -   Bullish
Intraday Trend                 -   Neutral

On 4H chart of forex technical analysis for the exchange rate EURUSD, we observe that price break the lower channel of Andrew's Pitchfork and lost the support of  EMA(50).

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 of EURUSD for October 19, 2015

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:

Forex Technical Analysis of EURUSD for October 12, 2015

Support                             -   S1 : 1.1287 | S2 : 1.1216 | S3 : 1.1166
Resistance                         -   R1 : 1.1407 | R2 : 1.1457 | R3 : 1.1528
Main Trend                      -   Bullish
Intraday Trend                -   Bullish

At H4 chart, we can see that EMA(50) and EMA(200) have formed an upward cross. Price moves above EMA(50) and at the upper channel of an upward Andrew's Pitchfork and find support from the median line.

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 of EURUSD for October 05, 2015

Support                            -   S1 : 1.1133 | S2 : 1.1057 | S3 : 1.0965
Resistance                        -   R1 : 1.1302 | R2 : 1.1394 | R3 : 1.1470
Main Trend                     -   Bullish
Intraday Trend               -   Bullish

Financial Announcements: USD - ISM Non-Manufacturing PMI

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: