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EUR/USD: flat above Moving Averages

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6-3-2018-EUR-H4.png

The main trend is still bullish, so it's likely that the price is going to reach the next resistance area at 1.2391 - 1.2434. If a pullback from these levels happens, there'll be a moment for a decline towards the nearest support at 1.2319 - 1.2296.

6-3-2018-EUR-H1.png

The price is consolidating above the Moving Averages. The main intraday target is the closest support at 1.2319 - 1.2296, which could be a departure point for an upward price movement in the direction of the next resistance at 1.2391 - 1.2434.

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