EUR/USD: pullback from nearest resistance

EUR/USD: pullback from nearest resistance

29-12-2017-EUR-H4.png

There's a pullback from the nearest resistance at 1.1960, so the market is likely going to test the closest support at 1.1919 - 1.1901 in the coming hours. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1960 - 1.1968.

29-12-2017-EUR-H1.png

We've got a "V-Top" pattern, so the price is likely going to test the nearest support at 1.1914. Meanwhile, if a pullback from this level forms, we could have a bullish price movement in the direction of the next resistance at 1.1960 - 1.1968.

eur

Similar

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

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

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