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    EUR/USD: technical analysis

    EUR/USD: technical analysis

    The main trend on the EUR/USD pair is a bullish. There’s a “V” top pattern, which entered the price into a correction phase. The price has found a support at the level 1.1214 and started rising from this level. In the short-term we can expect an upward movement to a resistance area between the levels 1.1337 - 1.1352, but then the market may start a local correction towards a support area between the levels 1.1145- 1.1087.

    EUR/USD: technical analysis

    There’s a “Triple Top” pattern on the one-hour chart. The pair has broken a local upward trend. The price has reached a support at the level 1.1214 and started a local correction from it. It's likely that the market will go lower to a support area between the levels 1.1194- 1.1159. Afterwards, the price could go to an upward correction towards a resistance area between the levels 1.1305 - 1.1337.


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