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Oct 30

 

Forex Trading EVO - EUR/USD Technical - May/02

By Prfaul Patat

EURUSD is consolidation on 4 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 is consolidation, possible breakout up side as per complex pattern and break of this consolidation, next target will be 1.4935. If EURUSD won’t break of daily PP then retracement possible 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 1.4733, also trend line passes there. 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:  1.4842, 1.4880, 1.4844.

New Low:  1.4767, 1.4805, 1.4769.

Pivot Point: R3-1.4903, R2-1.4874, R1-1.4857, PP-1.4829, S1-1.4800, S2-1.4783, S3-1.4754.

Latest EURUSD
Last 1.4826
High 1.4878
Low 1.4802
5 day 1.4731
10 day 1.4583
20 day 1.4481
50 day 1.4173
100 day 1.3783
200 day 1.3567