EUR/USD: possible "Triple Top"

EUR/USD: possible "Triple Top"

The price is still consolidating under a resistance at 1.0951. Also, there’s a developing “Triple Top”. If this pattern confirms, the market is likely going to decline towards a support at 1.0819 – 1.0729, which is near the last “Breakaway Gap”. If a pullback from this area happens, there’ll be an opportunity to have an upward price movement towards a resistance at 1.0851.

There’s a “V-Top”, which led to a consolidation between the 34 Moving Average and the nearest resistance at 1.0910. At the same time, we’ve got a “Flag”, so bears are likely going to test the 89 Moving Average in the short term. If we see a pullback from this line, bulls will probably try to test a resistance at 1.0882.

eur

Similar

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.

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