EUR/USD: bearish 'High Wave' and 'Evening Star'

EUR/USD: bearish 'High Wave' and 'Evening Star'

2019-11-11 • Updated

0312eurusdh4.png

There're bearish patterns such a 'High Wave' and an 'Evening Star', which both have been formed on the 55 Moving Average. It's likely that the pair is going to test the nearest support at 1.1319 soon. If a pullback from this level forms next, there'll be a moment to have a bullish price movement to 1.1385.

0312eurusdh1.png

We've got a new 'Window'. Also, there's a 'High Wave' pattern above the Moving Averages, so the market is likely going to test the closest support at 1.1319 within the next few hours. Meanwhile, a pullback from this level could lead to an upward price movement towards the previously tested resistance at 1.1385.

Similar

EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

Latest news

UK: No Longer a Leading Economy
UK: No Longer a Leading Economy

The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?

Deposit with your local payment systems

Be on top of your game

Data collection notice

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

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera