EUR/USD: "V-Top" pattern led to decline

EUR/USD: "V-Top" pattern led to decline

21-11-2017-EUR-H4.png

The price faced with resistance at 1.1821, so there's a "V-Top". Therefore, the pair is likely going to test the 55 Moving Average in the short term. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1742 - 1.1767.

21-11-2017-EUR-H1.png

The 89 Moving Average is acting as support, but bears are likely going to reach another support at 1.1724 - 1.1689. This area could be a departure point for a bullish price movement in the direction of the closest resistance at 1.1742 - 1.1767.

eur

Similar

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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