EUR/USD: 'Triple Top' led to decline

2018-07-12 20:01    FBS

EUR/USD: 'Triple Top' led to decline Institution Opinions 1

There's a 'Triple Top', which has been confirmed, so the price is declining. The main intraday target is the next support at 1.1649 - 1.1630. A pullback from this level could be a departure point for an upward correction.

EUR/USD: 'Triple Top' led to decline Institution Opinions 2

All the Moving Averages have been broken. However, there's a 'V-Bottom", so the pair is consolidating. It's likely that the market is going to reach the closest resistance at 1.1720. This level could be a departure point for a decline towards another support at 1.1649 - 1.1630.

EUR

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.