FBS - Analytics

FBS

550.50 6.50/10
88% of positive reviews
Real

EUR/USD: technical analysis

EUR/USD: technical analysis

The market had been falling down since last Friday. The price found a support at 1.0858, which entered the price into a consolidation phase. As far as we’ve got a “Rising Wedge” and a broken up trend, it’s likely to see more selling pressure in the short term. If the pair reaches a support at 1.0809 – 1.0776, it could be a start for a correction towards to a resistance area between the levels 1.0858 – 1.0922.

EUR/USD: technical analysis

The price has found a support at 1.0858 on the one-hour chart and a consolidation was started from this level. There’s a possible “Flag” pattern in progress, so it’s likely that the price will go higher towards a resistance area between the 34 Moving Average line and the level 1.0922. The price might start falling down afterwards to a support area between the levels 1.0858 – 1.0809.



To leave a comment you must be or register