EUR/USD: еuro tested the borders of consolidation range

EUR/USD: еuro tested the borders of consolidation range

Recommendation: SELL 1,117 SL 1,1225 TP1 1,11 TP2 1,1025.  

On the EUR/USD daily chart, neither bulls nor bears managed to force the quotes out of the consolidation range 1.117-1.129. The retest of its upper or lower borders might be successful. If the resistance at 1.119 is broken, there will be a continuation of the rally towards 1.1345. In contrast, a successful test of the support at 1.117 will likely result in a drop towards 1.111 and below.

On the EUR/USD hourly chart, the Expanding wedge pattern was formed. The growth of quotes towards 38.2%, 50% and 61.8% levels of the wave 4-5, followed by their return to 23.8%, 38.2%, and 50% levels can be used for opening positions for sale. 

Similar

USD/JPY: dollar returned to negative area

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, the falling lines; the bears continue their offensive.

GBP/USD: under Kijun’s resistance

Expanding bearish Ichimoku Cloud with horizontal Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the resistance of Kijun-sen and may continue falling down.

Popular

EUR/USD: "V-Top" pattern

The 34 MA has acted as support, so the price is consolidating. Meanwhile, the pair is likely going to test the closest resistance.

promotions you can be interested in

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