EUR/USD: consolidation between 34 & 55 MA

EUR/USD: consolidation between 34 & 55 MA

6-7-2017-EUR-H4.png

The 34 Moving Average has acted as support, so the price is consolidating. Also, there's a "V-Top" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.1307 - 1.1287 in the coming hours. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1356 - 1.1398.

6-7-2017-EUR-H1.png

The price is consolidating between 34 & 55 Moving Averages. It seems like bulls are ready to achieve the next resistance at 1.1354 - 1.1365. However, if we see a pullback from these levels, bears will have a green light to deliver a decline in the direction of support at 1.1287.

eur

Similar

Bitcoin (BTC/USD): upside potential remains high

As expected after a strong rebound, Bitcoin has made a correction from the highs of December 8 and the price action is consolidating around the 200-hour moving average, which remains dynamic support…

Popular

EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

promotions you can be interested in

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

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