Support - S1 : 1.0849 | S2 : 1.0786 | S3 : 1.071
Resistance - R1 : 1.0979 | R2 : 1.1047 | R3 : 1.1111
Main Trend - Neutral
Intraday Trend - Bullish
On 4H chart of forex technical analysis for the exchange rate EURUSD, we can observe that the price close on Friday on the median line of Andrew's Pitchfork (blue lines). At the same moment, there is another Andrew's Pitchfork (green lines) and the price close on the bottom of the lower channel. Price find support from this two Andrew's Pitchfork. EMA(50) and EMA(200) are exactly at the same point and offer a very strong support level.
Our estimation is that a pullback at area EMA(50) and EMA(200) is possible a great opportunity for a buy position with the first target around 1.1000 and the second target 1.1050 - 1.1070.
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 : 1.0979 | R2 : 1.1047 | R3 : 1.1111
Main Trend - Neutral
Intraday Trend - Bullish
On 4H chart of forex technical analysis for the exchange rate EURUSD, we can observe that the price close on Friday on the median line of Andrew's Pitchfork (blue lines). At the same moment, there is another Andrew's Pitchfork (green lines) and the price close on the bottom of the lower channel. Price find support from this two Andrew's Pitchfork. EMA(50) and EMA(200) are exactly at the same point and offer a very strong support level.
Our estimation is that a pullback at area EMA(50) and EMA(200) is possible a great opportunity for a buy position with the first target around 1.1000 and the second target 1.1050 - 1.1070.
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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