Support - S1 : 185.951 | S2 : 185.379 | S3 : 184.317
Resistance - R1 : 187.585 | R2 : 188.647 | R3 : 189.219
Main Trend - Bullish
Intraday Trend - Bullish
Analyzing the 4H chart of forex technical analysis you can observe that price proceed to a 50% retracement and finally close on Friday between EMA(50) and EMA(200), which have an upward cross between them. The exchange rate moves within an upward channel (black lines) and at the same time at the upper channel of Andrew's Pitchfork (blue lines).
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 : 187.585 | R2 : 188.647 | R3 : 189.219
Main Trend - Bullish
Intraday Trend - Bullish
Analyzing the 4H chart of forex technical analysis you can observe that price proceed to a 50% retracement and finally close on Friday between EMA(50) and EMA(200), which have an upward cross between them. The exchange rate moves within an upward channel (black lines) and at the same time at the upper channel of Andrew's Pitchfork (blue lines).
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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