EUR/USD: "High Wave" stopped bulls

EUR/USD: "High Wave" stopped bulls

2505eurusdh4.png

There are bearish patterns such are a "Tower" and a "Shooting Star", which both have been confirmed enough. Therefore, the market is likely going to test the 34 Moving Average in the short term. If we see a pullback from this line, there'll be an opportunity to have another upward price movement.

2505eurusdh1.png

We've got a bearish "High Wave" pattern, which has strong confirmation. In this case, the price is likely going to decline in the direction of the last low in the coming hours.

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