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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: support waiting for bears

EUR/USD: support waiting for bears

The price has been declining since Monday. Bears faced a support at 1.1011, so there’s a local consolidation in progress. Meanwhile, the market is likely going to reach the next support at 1.0978 in the short term. If we see a pullback from this level, there’ll be an opportunity to have an upward correction.

EUR/USD: support waiting for bears

There’s a consolidation, which is taking place under a resistance at 1.1032. Therefore, bears are likely going to reach a support at 1.1000 – 1.0978 during the day. If a pullback from this area happens, bulls will probably try to reach a resistance at 1.1045 – 1.1069.

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