Eurusdchartanalysis
EURUSD Bullish Move After Small ConsolidationEURUSD price is in a range on the hour chart and an expanding wedge pattern which also happens to be the right shoulder of a compound inverse head & shoulders pattern. Still room to move up within the wedge. The daily support level in the area of 1.1800 has been respected as both support and resistance in the past. Short term target of approximately 1.1840.
Confluences: 4 hour chart price is making higher highs. Daily chart shows a bullish bat harmonic pattern. 15 minute chart with hidden bullish divergence forming.
EURUSD GOING DOWN AFTER HITTING ITS STRONG RESISTANCEHey guys, wassup??? hope all are doing great. Here is our analysis on EURUSD. As you can see that the pair is going down after hitting both of its resistance line. The horizontal line is the strong resistance.
Let us know your view on this pair in the comment section. Thank you.
Ryan.R.Lopes