333
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: technical analysis

Sergey Logachev

EUR/USD: technical analysis

The main trend on the EUR/USD pair is bullish. There’s a consolidation in progress towards an area between the resistance level at 1.1322 and the 34 Simple Moving Average (SMA). A “Thorn” pattern was formed yesterday. In the short-term we can expect an upward movement to a resistance area between the levels 1.1377- 1.1394, but then the market may start a correction towards a support area between the levels 1.1245- 1.1214.;

EUR/USD: technical analysis

We've got a local up trend on the one-hour chart. The price is moving in a range between the resistance level at 1.1322 and the 55 Simple Moving Average (SMA). It's likely that the correction will go on to a support area between the levels 1.1245- 1.1214. Afterwards, the market may continue growing to a resistance area between the levels 1.1377- 1.1394.

EUR
Scroll to top