EUR/USD: "V-Bottom" pattern

EUR/USD: "V-Bottom" pattern

31-10-2017-EUR-H4.png

There's a "V-Bottom" pattern, so the price is consolidating. It's likely that bulls are going to reach the nearest resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline towards the next support at 1.1560 - 1.1533.

31-10-2017-EUR-H1.png

The price is consolidating under the 34 Moving Average, so bears are likely going to test the next support at 1.1615 - 1.1601 during the day. Meanwhile, if we see a pullback from these levels, there'll be an option to have an upward price movement in the direction of the 55 Moving Average.

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