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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: technical analysis

Sergey Logachev

EUR/USD: technical analysis

The main trend on the EUR/USD pair is a still bullish. There’s the downward price movement in progress, which has found a support between the 55 and 89 Moving Average lines. In the short-term we can expect a rise to a resistance area between the levels 1.1159 - 1.1214, but then the market may start a downward movement towards a support area between the levels 1.1145 - 1.1032.

EUR/USD: technical analysis

There're a “V” Bottom pattern at the last low and an upward correction under the 89 Moving Average line. It's likely that the pair will go lower to a support area at the level 1.1085. Afterwards, the price might go to a new upward movement to a resistance area between the 89 Moving Average line and the level 1.1194.

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