EUR/USD: 144 Moving Average acting as support

EUR/USD: 144 Moving Average acting as support


The last 'Shooting Star' hasn't been confirmed, but the 144 Moving Average is acting as support. So, if a pullback from the nearest support at 1.1603 happens next, the price is likely going to reach another resistance at 1.1747.


There's a 'Hammer', which has been formed on the Moving Averages. Meanwhile, if a pullback from the upper 'Window' (1.1661) happens next, the market is likely going to achieve the lower 'Window' (1.1603).



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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