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

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.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
EUR/USD has breached support

EUR/USD has breached support

Information is not investment advice

EUR/USD had been testing the support line connecting March and April lows. On Thursday, the pair slipped below this line. The following retest of 1.0880 provided resistance and made the price turn down. Currently we are witnessing a kind of a “Falling three” pattern on the H4 chart. A close below 1.0815 will open the way down. The first target will be at 1.0770 (April 6 low). Still, as the move will confirm a break down below the triangle, we may see a deeper move down, to 1.0700/1.0650. The technical picture will improve only if EUR/USD manages to return above 1.0880.

Trade idea for EUR/USD

SELL 1.0805; TP 1.0770; SL 1.0820

EURUSD Apr 17.png

LOG IN

Similar

Popular

Choose your payment system

Learn more