Support - S1 : 1.0823 | S2 : 1.0779 | S3 : 1.0753
Resistance - R1 : 1.0893 | R2 : 1.0918 | R3 : 1.0963
Main Trend - Bearish
Intraday Trend - Bearish
Studying the 4H chart of forex technical analysis for the exchange EURUSD, we realize that after the announcement of US interest rate the pressure for EURUSD lead price below EMA(50) and EMA(200), but the cross between them remain in an upward direction. Finally price close between EMA(50) and EMA(200). Also, we observe that the price move within 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 : 1.0893 | R2 : 1.0918 | R3 : 1.0963
Main Trend - Bearish
Intraday Trend - Bearish
Studying the 4H chart of forex technical analysis for the exchange EURUSD, we realize that after the announcement of US interest rate the pressure for EURUSD lead price below EMA(50) and EMA(200), but the cross between them remain in an upward direction. Finally price close between EMA(50) and EMA(200). Also, we observe that the price move within 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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