Support - S1 : 1.5334 | S2 : 1.5242 | S3 : 1.5175
Resistance - R1 : 1.5493 | R2 : 1.5560 | R3 : 1.5652
Main Trend - Bullish
Intraday Trend - Bullish
Price from the low level of 1.5106 proceeds to a reaction up to the level of 1.5426 which is 61.8% retracement. Observing the 4H chart of forex technical analysis, we will see that price is moving within the lower channel of Andrew's Pitchfork and near to the median line and above 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 : 1.5493 | R2 : 1.5560 | R3 : 1.5652
Main Trend - Bullish
Intraday Trend - Bullish
Price from the low level of 1.5106 proceeds to a reaction up to the level of 1.5426 which is 61.8% retracement. Observing the 4H chart of forex technical analysis, we will see that price is moving within the lower channel of Andrew's Pitchfork and near to the median line and above 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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