Forex Trading EVO - EUR/USD Technical Analysis - 15/April
By Praful Patat 05:00 GMT
EURUSD is consolidation on daily chart, also EURUSD formed double top on 1 hour chart and reverse still in progress. EURUSD break of 1.4525 further going up side toward 1.4554-1.4638 area and break of 1.4349 support going down side toward 1.4245 on intraday. EURUSD backed from 38.2% at 1.4394, extension at 1.4554, 1.4638 still in progress. In EURUSD strong resistance is at 1.4525, and strong support at 1.4349, minor support at 1.4452. In bigger range, EURUSD backed from 78.6% at 1.2946, extension at 1.4739 ,1.5321 still in progress, EURUSD broker trend line so possible to back test it.
New High: 1.4501, 1.4575, 1.4562.
New Low: 1.4352, 1.4426, 1.4413.