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:
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