EUR/USD: bulls going to deliver new local high

EUR/USD: bulls going to deliver new local high

EUR/USD: bulls going to deliver new local high

The price is moving up and down between the levels 1.0774 – 1.0732. Considering the previously formed “Double Bottom” and “Flag” patterns, the market is likely going to test the nearest resistance at 1.0797 – 1.0811. If a pullback from these levels happens, there’ll be an opportunity to have a decline towards a support at 1.0754 – 1.0732.

EUR/USD: bulls going to deliver new local high

The pair is consolidating on the one-hour chart. It’s likely that the price is going to reach the closest resistance at 1.0797 – 1.0811 during the day. If we see a pullback from this area, bears will probably try to test a support at 1.0754 – 1.0732.

 

 

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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