EUR/USD: 'V-Top' on the 55 Moving Average

EUR/USD: 'V-Top' on the 55 Moving Average

2019-11-11 • Updated

28-5-2018-EUR-H4 (1).png

The main trend is still bearish, but the price faced with support at 1.1661, so the market is consolidating. However, there's a 'V-Top' pattern, so the pair is likely going to test the next support at 1.1636 - 1.1605, which could be a departure point for an upward correction.

28-5-2018-EUR-H1 (1).png

We've got a 'V-Top', which has been formed on the 55 Moving Average. So, after a short break, we're likely going to have another decline in the direction of the nearest support at 1.1636 - 1.1605.

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

CAD: Markets Await GDP Release
CAD: Markets Await GDP Release

During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...

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