Support - S1 : 1.12946 | S2 : 1.12633 | S3 : 1.12212
Resistance - R1 : 1.13680 | R2 : 1.14101 | R3 : 1.14414
Main Trend - Bullish
Intraday Trend - Neutral
On 4H chart of forex technical analysis for the exchange rate EURUSD, we observe that price break the lower channel of Andrew's Pitchfork and lost the support of EMA(50).
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:
The area 1.1334 – 1.1350 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1375, 1.1400, 1.1435, 1.1470, 1.1495, 1.1540, 1.1590.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.1270, 1.1220, 1.1170, 1.1135, 1.1100.
The area 1.1328 – 1.1335 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1355, 1.1375, 1.1395, 1.1420.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.1305, 1.1270, 1.1250, 1.1235.
On forex technical analysis for EURUSD, there is no Harmonic Pattern for 1H and 4H timeframes.
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.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
Resistance - R1 : 1.13680 | R2 : 1.14101 | R3 : 1.14414
Main Trend - Bullish
Intraday Trend - Neutral
On 4H chart of forex technical analysis for the exchange rate EURUSD, we observe that price break the lower channel of Andrew's Pitchfork and lost the support of EMA(50).
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 1.1334 – 1.1350 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1375, 1.1400, 1.1435, 1.1470, 1.1495, 1.1540, 1.1590.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.1270, 1.1220, 1.1170, 1.1135, 1.1100.
1H Chart
The area 1.1328 – 1.1335 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1355, 1.1375, 1.1395, 1.1420.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.1305, 1.1270, 1.1250, 1.1235.
On forex technical analysis for EURUSD, there is no Harmonic Pattern for 1H and 4H timeframes.
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.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
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