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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: "Triple Bottom" stopped bearish rally

EUR/USD: "Triple Bottom" stopped bearish rally

Bears faced a support at 1.1145, which led to form a “V-Bottom” pattern. So, the market is likely going to get a resistance on the 89 Moving Average in the short term. At the same time, if a pullback from this line happens, there’ll be an opportunity to see a decline towards a support at 1.1138 – 1.1122.

EUR/USD: "Triple Bottom" stopped bearish rally

We’ve got a “Triple Bottom” pattern, so the price is rising. It’s likely that bulls are going to reach the nearest resistance at 1.1181 – 1.1198 during the day. Nevertheless, if we see a pullback from these levels, bears will probably try to deliver another decline.

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