542
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: the third "pennant" in a row

Sergey Logachev

EUR/USD: the third "pennant" in a row

The market has faced a support at 1.1156, which led to the current upward correction. Nevertheless, it’s likely to see the price a little bit lower in the short term. If a pullback from a support at 1.1124 appears, then bull will probably try to reach a resistance between the levels 1.1217 – 1.1245.

EUR/USD: the third "pennant" in a row

We’ve got a flat in progress above the upper side (1.1145) of support zone. There’s a possible “Pennant” pattern, so its lower side is likely going to be broken during the day. If so, the downward movement is going to reach a support at 1.1124. If bears be stopped here, then bull will have a chance to achieve a resistance area between the level 1.1237 and the 55 Moving Average.

EUR
Scroll to top