Pin Bar on EUR/USD

Pin Bar on EUR/USD

On the EUR/USD currency pair, bullish sentiments have been prevailing for quite some time. Over the past month, the quotations growth exceeded 4%. Nevertheless, in the near future, we do not exclude a technical correction. At the moment, near the round level of 1.19000, a classic reversal pattern, Pin Bar, (H4 timeframe) was formed. We recommend you to pay attention to this situation.

If the price fixes below the local support of 1.18250, it is necessary to consider sales of EUR/USD. The immediate goal for profit taking is the "mirror" support of 1.17500. In the medium term, the currency may reach the level of 1.16750. Confirmations and entry points to the market should be looked on lower timeframes.

by JustForex, 2017.08.03

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

Abrir cuenta

Consigue análisis gratis

* campos obligatorios
Últimos artículos
Todos los artículos