Sunday 13 December 2015

Forex Technical Analysis of EURUSD for December 14, 2015

Support - S1 : 1.0930 | S2 : 1.0876 | S3 : 1.0826
Resistance - R1 : 1.1035 | R2 : 1.1085 | R3 : 1.1139
Main Trend - Bullish
Intraday Trend - Bullish

The exchange rate EURUSD keep his strength and his upward momentum. According to forex technical analysis on 4H chart, the upward reaction reaches 50% Fibonacci level. The price breaks upward Andrew's Pitchfork. EMA(50) and EMA(200) have an upward cross between them. If we observe price action we will see that price is forming since now a triangular formation.

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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