EUR/USD: bears going to reach the closest support

EUR/USD: bears going to reach the closest support

10-7-2017-EUR-H4.png

The price is consolidating under resistance at 1.1443. Also, we've got two "V-Top" patterns in a row, so the market is likely going to test the nearest support at 1.1365 - 1.1354. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards resistance at 1.1425 - 1.1444.

10-7-2017-EUR-H1.png

There's a consolidation, which is taking place above the 34 Moving Average. In this case, bears are likely going to reach the closest support at 1.1365 - 1.1354 in the short term. If we see a pullback from this area, bulls will have a green light to test the next resistance at 1.1425 - 1.1444.

eur

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

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