EUR/USD: bearish "Tweezers"

EUR/USD: bearish "Tweezers"

0706eurusdh4.png

The upper "Window" has acted as resistance, so we've got a bearish "Tweezers", which has been confirmed. Therefore, the pair is likely going to test the 55 Moving Average, which could be a departure point for another bullish price movement.

0706eurusdh1.png

The current bearish correction is still in progress, so the price reached the 144 Moving Average. In this case, we could have a local upward correction in the coming hours, but bears are likely going to push the price even lower afterwards.

eur

Similar

EUR/USD: bullish 'High Wave'

We're likely going to have an upward correction in the short term. Even so, bears will probably try to deliver another decline little later on...

eur

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

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

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