EUR/USD: bulls going to test next resistance

EUR/USD: bulls going to test next resistance

2019-11-11 • Updated

EUR/USD: bulls going to test next resistance

The upper side of the last triangle has been broken, so the price reached a resistance at 1.0739. Therefore, there’s an opportunity to have a downward correction in the direction of a support at 1.0701 – 1.0688. At the same time, if a pullback from these levels be on the table, bulls are likely going to test the nearest resistance at 1.0739 – 1.0759.

EUR/USD: bulls going to test next resistance

There’s a “Double Top” pattern. In this case, bears are likely going to test the nearest support at 1.0707 – 1.0698. If a pullback from this area happens, there’ll be an opportunity to have an upward price movement towards the next resistance 1.0739 – 1.0759.

Similar

EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

Latest news

It’s Time to Look at New Zealand
It’s Time to Look at New Zealand

Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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