EUR/USD: price to test the 34 Moving Average
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed...
EUR/USD: 34 MA acted as support
The 34 Moving Average has acted as support, so there's a "Hammer" pattern, which has been confirmed. So, the market is likely going to test the nearest resistance area in the short term.
The 34 & 55 Moving Averages are acting as resistance. Also, there's a "Harami", but confirmation of this pattern isn't enough. So, we could have a local bearish correction and the following bullish price movement afterwards.
Galya Svetlova
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