FXHIGHWAY

 Breaking News


EURUSD






4/19/2017 12:54:25 AM

EURUSD - Technical Analysis: Wednesday, 19/04/2017 04:54 GMT



The EURUSD pair showed strong rise yesterday after completing the double bottom pattern that appears on the chart below, to reach the important resistance 1.0749, pushing the price to achieve more gains and attempt to confirm stopping the correctional bearish pressure that dominated the recent trades.

Thus, the rise will be expected in the coming period, and surpassing 1.0749 is required to confirm heading towards 1.0809 then 1.0906 levels mainly, while breaking 1.0652 will put the price under the negative pressure again.


Target
Risk


Support
Resistance


Trend Bullish

Logs

Advertisements