EUR/USD: "Rising Wedge"

EUR/USD: "Rising Wedge"

12-6-2017-EUR-H4.png

We've got a "Rising Wedge", so the price formed a pullback from the 55 Moving Average, which led to the current consolidation under the 34 Moving Average. Therefore, the pair is likely going to test the nearest resistance at 1.1249 - 1.1267 in the short term. If we see a pullback from this area, there'll be an opportunity to have another decline in the direction of the next support at 1.1204 - 1.1165.

12-6-2017-EUR-H1.png

There's a "Double Bottom", so the price is consolidating under the 34 Moving Average. It seems like bears are going to achieve the closest support at 1.1204 - 1.1194, which could be a departure point for an upward price movement towards the nearest resistance at 1.1249 - 1.1267.

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