Support - S1 : 1.0962 | S2 : 1.0907 | S3 : 1.0819
Resistance - R1 : 1.1105 | R2 : 1.1194 | R3 : 1.1249
Main Trend - Bearish
Intraday Trend - Bearish
On forex technical analysis of 4H chart for exchange rate EURUSD, we can observe that price finds support on the bottom of the channel and at the same time moves at the lower channel of Andrew's Pitchfork. EMA(50) and EMA(200) is at the same point and ready to proceed to a downward cross (death cross).
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 : 1.1105 | R2 : 1.1194 | R3 : 1.1249
Main Trend - Bearish
Intraday Trend - Bearish
On forex technical analysis of 4H chart for exchange rate EURUSD, we can observe that price finds support on the bottom of the channel and at the same time moves at the lower channel of Andrew's Pitchfork. EMA(50) and EMA(200) is at the same point and ready to proceed to a downward cross (death cross).
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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