Forex Trading EVO - EUR/USD Technical - 18/April
By Praful Patat 05:00 GMT
EURUSD tested lower consolidation trend line on 1 hour chart. EURUSD break of 1.4440 daily PP further going up side toward 1.4525 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. If EURUSD not break of 1.4349 support then possible again up side toward extension. 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: 1.4466, 1.4522, 1.4485.
New Low: 1.4354, 1.4410, 1.4373.