713
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: flat between "V-Top" and "V-Bottom"

EUR/USD: flat between "V-Top" and "V-Bottom"

The local uptrend has been broken as well as the Moving Average lines. The price found a support at 1.1271, which led to form a local “V-Bottom” pattern. However, bulls are weak, so we’ve got just a flat. The market is likely going to falling down towards the nearest support at 1.1217.

EUR/USD: flat between "V-Top" and "V-Bottom"

As we can see on the one-hour chart, there’s a flat in progress under the Moving Averages. Therefore, bears are likely going to deliver a new low during the day. If we see a pullback from a support at 1.1271, an upward correction becomes possible.

Scroll to top