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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 market has found a resistance at 1.1067, which led to the downward correction towards a support at 1.0957. It's likely to see the price even lower. If bears are stopped by a support at 1.0902, the pair might start the upward movement towars a resistance area between the levels 1.1032 – 1.1145.

EUR/USD: technical analysis

There's a “Double Top” pattern under a resistance at 1.1067, so the price had a reason to start a consolidation movement and finally a support at 1.0972 was achieved. It’s likely that the price is going to rise towards a resistance at 1.1011, but then bears might try to reach a support area between the levels 1.0939 – 1.0902.

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