EUR/USD: consolidating along Moving Averages

EUR/USD: consolidating along Moving Averages

4-7-2018-EUR-H4.png

The price is still consolidating along the Moving Averages. It's likely that the pair is going to test the closest support at 1.1628 - 1.1599 in the short term. A pullback from these levels could be a starting point for a bullish price movement towards the 89 Moving Average.

4-7-2018-EUR-H1.png

There's a 'Double Top', which has been confirmed, so the market is likely going to achieve the next support at 1.1623 - 1.1612. Meanwhile, if a pullback from this area forms next, there'll be a moment for an upward price movement.

eur

Similar

GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...

gbp

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