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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 coming because of "V-Top"

EUR/USD: bears are coming because of "V-Top"

The price has reached a resistance near the main trend line, so the market is likely going to reach the next support at 1.1085 soon. If a pullback from this line appears, a bullish correction towards a resistance at 1.1167 becomes possible.

EUR/USD: bears are coming because of "V-Top"

We’ve got a flat in progress between the 34 Moving Average and the level at 1.1124. Therefore, the pair is likely going to decline towards a support at 1.1097 – 1.1085. Considering a possible pullback somewhere from this area, the price will probably start an upward correction subsequently.

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