EUR/USD: 21 & 34 MA acting as resistance

EUR/USD: 21 & 34 MA acting as resistance


The 21 & 34 Moving Averages are acting as resistance, but there's still no any reversal pattern so far. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline.


Bulls have reached the 89 Moving Average, so the pair is consolidating. If the 34 MA acts as support, we could have a local upward price movement. The main intraday target is the upper "Window".



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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