Forex Trading EVO - EUR/USD Technical - 29/April

By Praful Patat   05:00 GMT

EURUSD is consolidation on 1 hour chart, break of 1.4753 support further going down side toward 1.4606 and break of 1.4866 resistance, next target will be 1.4926 on intraday. EURUSD won’t break of 1.4885 resistance then retracement possible. EURUSD will retrace toward 1.4606, 1.4435 or break of 1.4925 resistances further going up side toward 1.5350 next targets. In EURUSD minor support is at 1.4710. If EURUSD will reverse from 1.4606, 1.4435 then extension at 1.5074, 1.5350 which is also 161.8% extension of 1.4288 to 1.2579. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress.

New High:  1.4852, 1.4908, 1.4879.

New Low:  1.4739, 1.4795, 1.4766.

Pivot Point: R3-1.4936, R2-1.4893, R1-1.4867, PP-1.4823, S1-1.4780, S2-1.4753, S3-1.4710.