EUR/USD: broken "Triangle" pattern

EUR/USD: broken "Triangle" pattern


The last "Triangle" pattern has been broken, so the price is declining. The main intraday target is the next support at 1.2205 - 1.2164. If we have a pullback from these levels, there'll be an opportunity for an upward price movement towards the nearest resistance at 1.2246.


The price is consolidating under the broken "Triangle" pattern. It's likely to have a bullish correction in the coming hours. Meanwhile, if a pullback from the closest resistance at 1.2259 - 1.2275 happens little later on, we could have another decline.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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

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