EUR/USD: developing 'Triangle' pattern

EUR/USD: developing 'Triangle' pattern

31-7-2018-EUR-H4.png

It's likely that there's a developing 'Triangle' pattern. The main intraday target is the next resistance at 1.1767 - 1.1790. A pullback from this level could be a starting point for a decline towards the nearest support at 1.1720 - 1.1690.

31-7-2018-EUR-H1.png

The last 'Flag' led to the current upward price movement. However, there's a 'V-Top', so the price is going to test the closest support at 1.1690. If a pullback from this level happens next, we could have an upward price movement towards another resistance at 1.1750 - 1.1757.

eur

Similar

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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

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