583
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: "V-Top" points to a correction

EUR/USD: "V-Top" points to a correction

The price has faced a resistance at 1.1357, so we’ve got a “V-Top” pattern at the last top. Therefore, bears are likely going to reach a support at 1.1326 – 1.1292. If a pullback from this area happens, there’ll be a chance to see a bullish movement towards a resistance at 1.1419 – 1.1446.

EUR/USD: "V-Top" points to a correction

There’s a flat in progress, which brought two “V-Tops” in a row. So, the market is likely going to decline towards the 34 Moving Average. If this line stops bears, the pair will probably start rising again.

Scroll to top