Below is the technical chart of EURUSD currency pair on H4 time frame. For a change, this time, I’ve used Alligator technical indicator.
EURUSD Technical Chart
As you can see, the price closes below Alligator’s Lips i.e. Green line and EURUSD started its downtrend again.
Doda-Donchian gave last sell signal @1.16775 and after that It has moved about 143 pips and still counting. Do NOT take any long position whatever technical indicator you’re using till EURUSD is trading below Ichimoku – Kumo – which is its great resistance.
It’s immediate target and support is at 1.14950 as per Wolf Wave Theory.
Major Support Levels:
Major Resistance Levels: