EUR/USD: "Triple Bottom" pushing price higher

EUR/USD: "Triple Bottom" pushing price higher

2019-11-11 • Updated

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.

EUR/USD: "Triple Bottom" pushing price higher

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.

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