Support - S1 : 1.0777 | S2 : 1.0724 | S3 : 1.0638
Resistance - R1 : 1.0916 | R2 : 1.1001 | R3 : 1.1055
Main Trend - Neutral
Intraday Trend - Bearish
The exchange rate EURUSD remain in a sideway move on Daily chart. Studying the 4H chart of forex technical analysis, we can observe that the price close below EMA(50) and EMA(200). The price remains within the lower channel of Andrew's Pitchfork (blue lines). There is another Andrew's Pitchfork (green lines) and the price is near to the median line. We must consider as critical point the area where the median line of green Andrew's Pitchfork cross the lower line of blue Andrew's Pitchfork.
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 : 1.0916 | R2 : 1.1001 | R3 : 1.1055
Main Trend - Neutral
Intraday Trend - Bearish
The exchange rate EURUSD remain in a sideway move on Daily chart. Studying the 4H chart of forex technical analysis, we can observe that the price close below EMA(50) and EMA(200). The price remains within the lower channel of Andrew's Pitchfork (blue lines). There is another Andrew's Pitchfork (green lines) and the price is near to the median line. We must consider as critical point the area where the median line of green Andrew's Pitchfork cross the lower line of blue Andrew's Pitchfork.
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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