EUR/USD: market consolidating between the MA

EUR/USD: market consolidating between the MA

12-6-2018-EUR-H4 (1).png

The market is consolidating between the 89 and 34 Moving Averages. It's likely that we're going to have a 'Triangle' soon. If so, we should keep an eye on the nearest resistance at 1.1829 - 1.1853 as the next bullish target.

12-6-2018-EUR-H1 (1).png

There's a local 'Double Bottom', which pushed the market higher. Meanwhile, we could have a local downward correction in the coming hours. So, if a pullback from the closest support at 1.1778 happens next, there'll be time for another bullish price movement.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


Deposit with your local payment systems


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