Support - S1 : 1.0872 | S2 : 1.0813 | S3 : 1.0715
Resistance - R1 : 1.1029 | R2 : 1.1127 | R3 : 1.1186
Main Trend - Bearish
Intraday Trend - Bearish
Applying all the rules of forex technical analysis on 4H chart for the exchange rate EURUSD we can easily observe that the price is moving within a channel (blue lines). On Friday, the price breaks downward and close out of the channel. EMA(50) and EMA(200) are above the price and give us the suspicion that a downward cross between them is coming.
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 : 1.1029 | R2 : 1.1127 | R3 : 1.1186
Main Trend - Bearish
Intraday Trend - Bearish
Applying all the rules of forex technical analysis on 4H chart for the exchange rate EURUSD we can easily observe that the price is moving within a channel (blue lines). On Friday, the price breaks downward and close out of the channel. EMA(50) and EMA(200) are above the price and give us the suspicion that a downward cross between them is coming.
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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