Technical Analysis : EUR/USD 22 April 2020

Forex Technical Analysis : EURUSD

Target Level 1.0817

Date : 22 April 2020

Support Line (A) : 1.0817 – Last TP of Descending Triangle

Resistance Line (B) : 1.0880 – Last TP of Descending Triangle

Target Period : 2 days

Interval : 1 hour

Pattern : Descending Triangle

Length : 121 Candles

Detail : Descending Triangle identified at 22-Apr-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0817 within the next 2 days. (Supported by Downward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.