EUR/USD reversed from strong resistance zone

EUR/USD reversed from strong resistance zone

  • EUR/USD reversed from strong resistance zone
  • Next sell target - 1.1900

EUR/USD recently reversed down – after the previous multiple failed attempts to break above the strong resistance zone lying between the resistance level 1.2100 (which stopped the previous sharp uptrend in the middle of September, as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance zone started the active intermediate impulse wave (3). EUR/USD is expected to fall toward the next sell target at the next support level 1.1900.

eur

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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