EUR/USD: "V-Top" pattern

EUR/USD: "V-Top" pattern


The main trend is still bullish. Also, there's a "Double Bottom", which has been confirmed, so the price is rising. It's likely that the market is going to test the next resistance area at 1.2384 - 1.2412, which could be a departure point for a decline.


All the Moving Averages have been broken. However, there's a "V-Top" pattern, so the pair is likely going to test the nearest support at 1.2313. If a pullback from this level happens little later on, bulls will probably try to achieve another resistance at 1.2384 - 1.2415.



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Deposit with your local payment systems


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

Beginner Forex book will guide you through the world of trading.

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