Sat, Oct 23, 2021 @ 10:38 GMT
HomeContributorsTechnical AnalysisEUR/USD Is The Retreat Completed?

EUR/USD Is The Retreat Completed?

Price increased and erased the morning drops. Is trading in the green and approaches the median line (ml) of the descending pitchfork. A retest followed by a minor drop will signal a breakdown below the 1.1711 horizontal support. Price increased only because the USDX has decreased today, but it could still develop a minor Head and Shoulders pattern as long as will stay within the descending pitchfork’s body. Only a breakout from the descending pitchfork’s body will signal a further increase.

MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

Featured Analysis

Learn Forex Trading