EUR/USD: "Triple Bottom" pushing price higher

Bears faced a support at 1.0639. Also, there’s a possible “Triple Bottom”, so the market is likely going to rise towards the 34 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have a decline in the direction of a support at 1.0678 – 1.0655.

The price is consolidating between the levels 1.0678 – 1.0629. Therefore, the pair is likely going to test the nearest support at 1.0655 – 1.0639 during the day. If a pullback from this area arrives afterwards, bulls will probably try to approach the next resistance at 1.0713 – 1.0732.

Sergey Logachev

Similar

16.07.2019 12:38 AUD/CAD touched resistance

Technical levels of AUD/CAD

aud cad technical analysis

15.07.2019 16:05 Head and shoulders of EUR/AUD?

Technical analysis of EUR/AUD

aud eur technical analysis

05.07.2019 09:59 AUD/CHF may consolidate

Technical analysis of AUD/CHF

aud chf technical analysis

Latest news

02.02.2018 13:07 EUR/USD: "Tweezers" on 34 Moving Average

There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...

eur

10.01.2018 20:43 GBP/JPY reversed from resistance zone

GBP/JPY reversed from resistance zone Next sell target - 149…

gbp jpy

01.05.2018 11:00 EUR/USD: no any reversal pattern so far

If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...

eur