EUR/USD: 34 MA acted as support

EUR/USD: 34 MA acted as support

0602eurusdH4 (1).png

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.

0602eurusdH1 (1).png

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.



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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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