EUR/USD is still bullish, looks for a lower leg

EUR/USD is still bullish, looks for a lower leg

The EUR/USD pair is following a bullish bias across the markets and it continues to strengthen the current path with a consolidation above the 200 SMA at H4 chart. Around 1.1446 it started to correct the overall bias, but it was blocked by the 50 SMA. However, we’re forecasting another lower leg to test the range between the 1.1282 and 1.1233 levels, at which could gain momentum to resume the bullish bias towards the 1.1523 zone (-23.6%).

RSI indicator is still at the positive territory, supporting the upside path.

EURUSDH4.png

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