FBS - Analytics

    FBS

    553.25 6.25/10
    84% of positive reviews
    Real

    EUR/USD: bulls faced the "Triple Top"

    EUR/USD: bulls faced the "Triple Top"

    The pair has been rising since a “Double Bottom” pattern arrived at the last low. The price found a resistance in a range between the levels 1.1273 and 1.1341. It’s likely that the market is going to reach the nearest support line. If a pullback appears, then bulls will probably try to achieve a resistance area at 1.1341 – 1.1376.

    EUR/USD: bulls faced the "Triple Top"

    As we can see on the one-hour chart, the last “Flag” was finally ended by the extremely fast bullish rally. Buyers faced a resistance at 1.1306, which led to the current local flat. It’s likely that the pair is going to test a support area at 1.1284 – 1.1259, but if this possible correction be stopped somewhere in here, then bulls will likely open a new stage on their rally. If so, a resistance area at 1.1336 – 1.1341 is going to be achieved soon.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree