EUR/USD: "V-Top" pattern

EUR/USD: "V-Top" pattern

8-3-2018-EUR-H4 (1).png

The main trend is still bullish, but there's a "V-Top" pattern, so the pair is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens little later on, there'll be an opportunity to have another upward price movement.

8-3-2018-EUR-H1 (1).png

The price is consolidating. It's likely that the market is going to test the nearest support at 1.2363. This level could be a departure point for a bullish price movement in the direction of the next resistance at 1.2445 - 1.2474.



Latest news

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