Support - S1 : 88.108 | S2 : 87.773 | S3 : 87.227
Resistance - R1 : 88.989 | R2 : 89.535 | R3 : 89.870
Main Trend - Bearish
Intraday Trend - Bearish
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:
4H Chart
The area 88.544 – 88.779 is a neutral zone.
Bullish scenario : If price moves upwards and close
above the neutral zone, then the upward trading targets will be : 89.200,
89.650, 89.900, 90.150 .
Bearish scenario : If price remains below the neutral zone,
then the downward trading targets will be : 87.982, 87.770, 87.450, 87.000,
86.200 .
1H Chart
The area 88.486 – 88.579 is a neutral zone.
Bullish scenario : If price moves upwards and close above
the neutral zone, then the upward trading targets will be : 88.750, 88.886,
89.000, 89.200, 89.540, 89.700 .
Bearish scenario : If price remains below the neutral zone,
then the downward trading targets will be : 88.200, 88.000, 87.800, 87.450,
87.000 .
Using the above elements of forex
technical analysis, everyone can plan his own personal forex
trading strategy . We note the need to use stop loss levels.
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