EUR/USD: "Double Bottom" pattern

Read the article on FBS website

26-12-2017-EUR-H4.png

There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average. The main intraday target is the next resistance at 1.1901 - 1.1919. If a pullback from this area happens, there'll be an opportunity to have a decline towards the nearest support at 1.1859 - 1.1833.

26-12-2017-EUR-H1.png

We've got a "Flag" pattern, so the pair is likely going to test the closest resistance at 1.1914 - 1.1941 in the coming hours. If a pullback from these levels forms little later on, there'll be a moment to have another downward price movement in the direction of the 34 Moving Average.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.