EURUSD Technical Chart 02-Oct-2017

Below is the technical chart of EURUSD currency pair explained with technical indicators.

EURUSD Technical Chart

I've used Doda Donchian, Doda-Bollinger Bands, Ichimokuand ADX Candles in this chart. Time frame used is H4.

After touching low of 1.1715 on 27-Sep-2017, EURUSD currency pair started its upward journey. But that journey was short-lived as it was trading below Ichimoku cloud.

So, after facing tough resistance from Doda Bollinger Bands, it started its downtrend journey again, which was confirmed by Doda-Donchian @1.17757

So, it's time to short sell in this currency pair.

Major support and resistance levels are:

Support @:

1.17828

1.17687

1.17458

Resistance @:

1.18286

1.18427

1.18656

Make your stop loss @1.17759