EUR/USD: 'Rising Wedge' pattern

EUR/USD: 'Rising Wedge' pattern

19-4-2018-EUR-H4.png

It's likely that we're going to have a 'Rising Wedge' pattern on EURUSD. So, we should keep an eye on the 89 Moving Average, which could act as support. If it happens, there'll be an opportunity to have an upward price movement towards the next resistance area at 1.2377 - 1.2395.

19-4-2018-EUR-H1.png

The pair is consolidating above the Moving Averages. The main intraday target is the nearest support at 1.2346 - 1.2335. A pullback from these levels could be a departure point for an upward price movement in the direction of another resistance at 1.2377 - 1.2399.

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