EUR/USD: possible 'Diamond' pattern

EUR/USD: possible 'Diamond' pattern

10-5-2018-EUR-H4.png

The main trend is still bearish. However, there's a 'Double Bottom' pattern, so the market is likely going to test the nearest resistance area at 1.1934 - 1.1939. A pullback from this area could be a starting point for another decline.

10-5-2018-EUR-H1.png

It seems like we could have a 'Diamond' pattern on the one-hour chart. So, if a pullback from the closest support at 1.1840 - 1.1837 happens soon, there'll be an opportunity to have an upward price movement towards the 55 Moving Average.

eur

Similar

EUR/USD: bullish 'Hammer' pattern

The pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test...

eur

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