EUR/USD: "Thorn" pattern

Read the article on FBS website

29-11-2017-EUR-H4.png

The 34 Moving Average has acted as support, so the price is consolidating. Therefore, the market is likely going to reach the nearest resistance area at 1.1909 - 1.1919, which could be a departure point for a decline.

29-11-2017-EUR-H1.png

There's a "Thorn" pattern, so the price is consolidating. It's likely that bears are going to achieve the closest support at 1.1836 - 1.1821. If a pullback from this area happens, we could have just another upward price movement.

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.