EUR/USD: primary trend remains bearish

EUR/USD: primary trend remains bearish


The primary trend remains bearish. However, the price is still consolidating in a range of the developing 'Triangle'. The main intraday target is the next support at 1.1601 - 1.1590, which could be a starting point for an upward correction.


The last 'Pennant' pushed the price lower. At the same time, it's likely to have an upward correction during the day. So, if a pullback from the nearest resistance at 1.1637 happens next, there'll be a moment to have another decline.



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