EUR/USD: market going to reach next resistance

EUR/USD: market going to reach next resistance

23-6-2017-EUR-H4.png

The price is consolidating near the 55 Moving Average. It seems like bulls are going to test the 34 MA, which could be a departure point for a decline towards the nearest support at 1.1108.

23-6-2017-EUR-H1.png

Bulls faced resistance at 1.1165. However, the market is likely going to reach the next resistance at 1.1181 - 1.1193 in the coming hours. If a pullback from this area happens, there'll be an opportunity to have a downward price movement in the direction of support at 1.1131 - 1.1118.

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