Support - S1 : 1.0610 | S2 : 1.0576 | S3 : 1.0512
Resistance - R1 : 1.0709 | R2 : 1.0772 | R3 : 1.0807
Main Trend - Bearish
Intraday Trend - Bearish
If we want to describe the 4H chart of forex technical analysis for the exchange rate EURUSD we have to say that price was unable to break upward the EMA(50) and remain within the lower channel of Andrew's Pitchfork (blue). After the drop of last hours formed a new Andrew's Pitchfork (violet). Price test the median line and at the same time has lost any positive momentum for 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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Resistance - R1 : 1.0709 | R2 : 1.0772 | R3 : 1.0807
Main Trend - Bearish
Intraday Trend - Bearish
If we want to describe the 4H chart of forex technical analysis for the exchange rate EURUSD we have to say that price was unable to break upward the EMA(50) and remain within the lower channel of Andrew's Pitchfork (blue). After the drop of last hours formed a new Andrew's Pitchfork (violet). Price test the median line and at the same time has lost any positive momentum for 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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