EUR/USD: market to reach the nearest resistance

Read the article on FBS website

The main trend is still bearish, but there's a 'V-Bottom' pattern, which has been confirmed. In this case, it's likely that the market is going to reach the nearest important resistance at 1.1369 - 1.1406 in the coming days. If a pullback from this area happens afterwards, there'll be time for another decline. So, we should keep in mind the next support at 1.1257 - 1.1214 as a possible bearish target.

13-2-2019-EUR-USD-D.png

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.