EUR/USD: 'Three Methods' pushed the price lower

EUR/USD: 'Three Methods' pushed the price lower

2019-11-11 • Updated

0602eurusdH4.png

The last 'Three Methods' pattern pushed the price lower, so all Moving Averages have been broken. It's likely that the pair is going to test the next support at 1.1368 in the coming hours. If a pullback from this level happens next, there'll be an opportunity to have a correction towards the Moving Averages (1.1424).

0602eurusdH1.png

There's a bearish 'Three Methods' pattern, which means we should watch the closest support at 1.1368 as an intraday target. The subsequent pullback from this level could lead to an upward correction. If so, bulls will probably try to reach the nearest resistance at 1.1424 by the Moving Averages.

Similar

EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

Latest news

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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