Support - S1 : 1.0663 | S2 : 1.0586 | S3 : 1.0471
Resistance - R1 : 1.0855 | R2 : 1.0970 | R3 : 1.1047
Main Trend - Bearish
Intraday Trend - Bearish
On forex technical analysis of 4H chart is very clear that the price moves within a downward channel and at the lower channel of Andrew's Pitchfork. There is a downward cross between EMA(50) and EMA(200).
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 : 1.0855 | R2 : 1.0970 | R3 : 1.1047
Main Trend - Bearish
Intraday Trend - Bearish
On forex technical analysis of 4H chart is very clear that the price moves within a downward channel and at the lower channel of Andrew's Pitchfork. There is a downward cross between EMA(50) and EMA(200).
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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