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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: bears are going to spurt in attack

EUR/USD: bears are going to spurt in attack

The price faced a resistance at 1.1453, which brought a “V-Top” pattern at the local high. The local uptrend line has been broken afterwards, so the market is likely going to reach a support at 1.1327 in the short term. At the same time, there’s an opportunity to see an upward correction during the day.

EUR/USD: bears are going to spurt in attack

As we can see on the one-hour chart, the pair has achieved a local support at 1.1369. Therefore, it's likely that the price is going to test the local downtrend line once again soon. If we see a pullback from this line, bears will probably try to deliver a new low subsequently.

EUR
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