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

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


The main trend is still bullish, but there's a "V-Top" pattern, so the price is declining. The main intraday target is the nearest support at 1.2332 - 1.2296. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement towards the next resistance at 1.2384 - 1.2434.


Bears faced with support at 1.2355, so the pair is likely going to test the closest resistance at 1.2391 - 1.2415. If a pullback from these levels happens, the market will probably try to achieve another support at 1.2325 - 1.2296.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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

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