Wednesday, May 23, 2018

EURUSD Technical Chart | 23-May-2018

Below is the technical chart of EURUSD. Time frame used is H4. Technical charts used are Doda DonchianDoda-Bollinger BandsIchimoku and ADX Candles technical indicators.

EURUSD Technical Chart


After trying for little upward movement last week, EURUSD failed to cross Kumo as shown in above chart.

Then, it started its downward journey again, followed by Doda-Donchian and Doda-Bollinger Bands indicator.

Even at this stage, the chart is weak and is in a downtrend.

The weekly EURUSD chart indicates that it will take some support at 1.6792

Major Support Levels for EURUSD


1.17596

1.17423

1.17143

Major Resistance Levels for EURUSD


1.18155

1.18328

1.18607

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