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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: bears going to reach support

EUR/USD: bears going to reach support

The price has been moving up and down inside the possible “Triangle”. Also, there’s an opportunity to have a “Bear Trap”. So, the market is likely going to reach a support at 1.1093 – 1.1071 in the short term. If a pullback from these levels, bulls will probably try to deliver a correction towards a resistance at 1.1137 – 1.1152.

EUR/USD: bears going to reach support

The price faced a support at 1.1132, which led to the current consolidation. Therefore, bears are likely going to catch a support at 1.1093 – 1.1071. At the same time, there’s an opportunity to have a bullish movement in the direction of a resistance at 1.1137 – 1.1152 afterwards.

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