Monday 19 October 2015

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:

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