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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: local "V-top" helps bears to move on

EUR/USD: local "V-top" helps bears to move on

The price faced a support at 1.1130, which brought a consolidation into the market. Also, we’ve got a “V-Bottom” pattern, so bulls are likely going to get a resistance on the 89 Moving Average. Considering a “Triple Top” pattern, bears will probably try to achieve a support at 1.1113 afterwards.

EUR/USD: local "V-top" helps bears to move on

There’s a “Triple Bottom” pattern, but it hasn’t been confirmed yet. So, the market is likely going to decline towards a support at 1.1145 – 1.1130 in the short term. However, if a pullback from this area happens, there’ll an opportunity to have an upward correction.

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