Forex Trading EVO - EUR/USD Technical - 26/April
By Praful Patat 05:00 GMT
EURUSD broke side way movement on down side. EURUSD reversed from 61.8% (1.4210) of 1.4020 to 1.4518 on 4 hour chart, extension at 1.4655, and 1.4824 areas still in progress. Break of 1.4628 further going up side toward 1.4735 resistances and break of 1.4461 supports going down side toward 1.4343 on intraday. In EURUSD minor support is at 1.4430. In bigger range EURUSD break of 1.4156 support then down trend start and going toward 1.3825 next targets, otherwise continues going up side. In EURUSD extension 127.2% (1.4750) of 1.4288 to 1.2579, possible retrace from 1.4750 resistance and break of this level going up side in bigger range at 1.5350.
New Low: 1.4501, 1.4552, 1.4528.