434
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: price going up and down like an yo-yo

EUR/USD: price going up and down like an yo-yo

There’s a consolidation, which is taking place between the 89 Moving Average and the nearest resistance at 1.1270. Therefore, the market is likely going to get a support at 1.1220 – 1.1196 in the short term. However, if a pullback from this area happens, there’ll be an opportunity to have a bullish movement towards a resistance at 1.1270 – 1.1282.

EUR/USD: price going up and down like an yo-yo

The price faced a resistance at 1.1270, which led to form a “V-Top” pattern, so bears are likely going to reach the 89 Moving Average shortly. At the same time, if we see a pullback from this line, bulls will probably try to achieve a resistance at 1.1270 – 1.1282.

Scroll to top