EUR/USD: pair to test the next resistance

EUR/USD: pair to test the next resistance

2019-11-11 • Updated

2801eurusdH4.png

There's a 'Shooting Star', which has been formed on the 144 Moving Average. However, this pattern hasn't been confirmed yet, so the pair is likely going to test the next resistance at 1.1451. If a pullback from this level happens little later on, there'll be a green light for a decline towards the nearest support at 1.1346.

2801eurusdH1.png

We've got a bullish 'Hammer', which has been confirmed enough. Meanwhile, it's likely that the market is going to test the high of the last 'Tweezers' pattern at 1.1379, which could act as support. If so, bulls will probably try to achieve another resistance at 1.1451.

Similar

EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

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

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera