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:
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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:
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