This trade setup on EUR/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 1.1100.
ARTÍCULOS RELACIONADOS
Rare set of bearish consecutive candles on the USDCHF Daily chart. Can we expect a turn-around?
USDCHF has moved lower after 6 consecutive daily candles from 0.8180 to 0.7983 in the last 9 days.
Because EURCAD formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
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GBPCHF seems to be on its way to support – a possible opportunity?
GBPCHF is moving towards a key support level at 1.0950. GBPCHF has previously tested this level 3 times…