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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

There's an upward movement on the four-hour chart. Previously, the local downward trend has been broken. The price found a resistance at the level 1.1011 and the 55 & 89 Moving Average lines. It's likely that the bearish correction will go on towards a support at 1.0957, but then bulls might show their power once again and try to reach a support area at 1.1032 – 1.1145.

EUR/USD: technical analysis

We've got a “Triple Bottom” pattern on the one-hour chart, which led to a consolidation under the level 1.1011. Probably, the price is going to decline towards a support at 1.0957. However, it’s likely that an upward movement will start afterwards to a resistence area between the levels 1.1067 – 1.1113.

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