EUR/USD: bearish 'Pennant' led to decline

EUR/USD: bearish 'Pennant' led to decline

29-3-2018-EUR-H4 (1).png

There's a 'Double Top' pattern, so all the Moving Averages have been broken. The main intraday target is the next support area at 1.2250 - 1.2238, which could be a departure point for another upward price movement.

29-3-2018-EUR-H1 (1).png

The last bearish 'Pennant' led to the current decline. It's likely to have an upward correction towards the 89 Moving Average, which could act as resistance. If so, there'll be a moment for another bearish price movement.



Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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