EUR/USD: 'Flag' led to new high

EUR/USD: 'Flag' led to new high

7-6-2018-EUR-H4.png

The last 'Flag' led to the current upward price movement. The main intraday target is the next resistance at 1.1853 - 1.1896. A pullback from this area could be a departure point for another decline towards the nearest support at 1.1799 - 1.1762.

7-6-2018-EUR-H1.png

It's likely that there's a 'V-Top' pattern, so the market is going to test the closest support at 1.1799. If a pullback from this level happens little later on, there'll be a moment to have an upward price movement towards the next resistance at 1.1853 - 1.1896.

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