EUR/USD: "Double Top" under 34 MA

EUR/USD: "Double Top" under 34 MA


Bears faced with support at 1.1712, so there's a "V-Bottom", which pushed the price to the nearest resistance at 1.1756. Considering that there was a pullback from the Moving Averages, the market is likely going to test the nearest support at 1.1712 - 1.1695 in the short term.


There's a "Double Top", which has been formed under the 34 Moving Average. The main intraday target is the next support at 1.1712 - 1.1695. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1756 - 1.1772.



Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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