EUR/USD: developing "Rising Wedge"

EUR/USD: developing "Rising Wedge"

15-6-2017-EUR-H4.png

The price is consolidating above the lower side of the developing "Rising Wedge". So, bears are likely going to reach the nearest support at 1.1204 - 1.1165 in the short term. If we see a pullback from this area, there'll be an opportunity to have another upward price movement towards resistance at 1.1232 - 1.1249.

15-6-2017-EUR-H1.png

We've got a "Double Top", which has been confirmed, so the price is consolidating. Also, there's a "Flag" pattern, so the market is likely going to achieve the closest support at 1.1178 - 1.1165. If a pullback from this area happens, bulls will have an option to reach the Moving Averages.

eur

Similar

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