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EUR/USD: technical analysis

EUR/USD: technical analysis

There's a local downward trend on the four-hour chart, but yesterday we've got a flat, which faced a support at 1.0858. As far as we’ve got a “Rising Wedge”, it’s likely to see more selling presuare towards a support at 1.0809. The market might start rising afterwards to a resistance at 1.0922.

EUR/USD: technical analysis

The price has found a support at the area 1.0858  - 1.0809 on the one-hour chart. An upward correction was started after a “V-Bottom” has been formed.  It’s likely that the pair will go higher towards a resistance area between the 34 Moving Average line and the level 1.0911. The price might start falling down afterwards to a support at 1.0809.

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