EUR/USD: 34 MA acted as resistance

EUR/USD: 34 MA acted as resistance

0612eurusdh4 (2).png

The 34 Moving Average has acted as resistance, but there's still no any reversal pattern. Therefore, the market is likely going to test the 144 MA, which could be a departure point for a bullish price movement towards the nearest "Window".

0612eurusdh1 (2).png

There's support by the lower "Window", so we could have a local upward correction in the coming hours. Nevertheless, bears are likely going to deliver a new local low afterwards.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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