Sunday 11 October 2015

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:

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