empty
 
 
18.06.2019 04:21 PM
EURUSD under pressure with bears under control of the trend

EURUSD bulls are unable to push price above the resistance of 1.1230-1.1260 and bears remain in control of the trend pushing prices below 1.12. At current market conditions I prefer to be neutral. With FOMC tomorrow it is better to stay on the sidelines and wait for the dust to settle.

This image is no longer relevant

Red lines - wedge pattern

Green rectangle - support (broken)

EURUSD is trading below the green rectangle support area and inside the downward sloping wedge pattern. Price is also at the 61.8% Fibonacci retracement of the 1.1107-1.1347 move, so we are currently at an important junction. Depending on what happens tomorrow at the FOMC we could see a reversal to the upside and a new upward move or a continuation of the downtrend to break 1.11. Technically short-term trend is bearish. As long as price remains below the green rectangle and inside the wedge pattern bears will remain in control of the trend.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback