Support - S1 : 0.7091 | S2 : 0.7048 | S3 : 0.7020
Resistance - R1 : 0.7162 | R2 : 0.7190 | R3 : 0.7233
Main Trend - Bearish
Intraday Trend - Bullish
Price remain under pressure and reach the low level of 0.7067. If you observe the 4H chart of forex technical analysis you will locate the price to move within the upper channel of a strong downward Andrew's Pitchfork. EMA(50) and EMA(200) have a downward cross between them and price remain below both of 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:
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Resistance - R1 : 0.7162 | R2 : 0.7190 | R3 : 0.7233
Main Trend - Bearish
Intraday Trend - Bullish
Price remain under pressure and reach the low level of 0.7067. If you observe the 4H chart of forex technical analysis you will locate the price to move within the upper channel of a strong downward Andrew's Pitchfork. EMA(50) and EMA(200) have a downward cross between them and price remain below both of 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:
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