EUR/USD reversed from support zone

EUR/USD reversed from support zone

  • EUR/USD reversed from support zone
  • Next buy target - 1.1500

EUR/USD recently reversed up sharply from the support zone lying between the support level 1.1320 (former powerful resistance level which reversed the price in 2016, as can be seen from the weekly EUR/USD chart below) and the 38.2% Fibonacci correction level of the previously sharp upward impulse from June. The upward reversal form this support zone continues the active impulse waves (iii) and (c). EUR/USD is expected to rise to the next buy target at the next resistance level 1.1500 (target price for the completion of the active impulse wave (iii)).




EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

promotions you can be interested in

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

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