EUR/USD: "Engulfing" pattern

EUR/USD: "Engulfing" pattern

2712eurusdh4 (3).png

There's still no any reversal pattern so far, cause all the last candles are bullish. Therefore, the price is likely going to test the next upward "Window".

2712eurusdh1 (3).png

The 34 Moving Average has acted as support, so we've got an "Engulfing" pattern on this line. In this case, the pair is likely going to continue moving up.

eur

Similar

Latest news

Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

Deposit with your local payment systems

Learn more

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