EUR/USD: 34 MA acted as support

EUR/USD: 34 MA acted as support

18-4-2018-EUR-H4.png

The 34 Moving Average has acted as support, so the price is consolidating. Meanwhile, it's likely that the pair is going to test the 89 MA soon. A pullback from this line could be a departure point for another bullish price movement towards the next resistance at 1.2377 - 1.2395.

18-4-2018-EUR-H1.png

There's a 'Double Top' pattern, which has been confirmed, but the market faced support on the 89 Moving Average. In this case, we should keep an eye on the nearest resistance at 1.2377 - 1.2381 as an intraday target.

eur

Similar

Bitcoin (BTC/USD): a bottom could be found soon?

The bears were the main protagonists during the past week since the price action remained consolidated below the 200-hour moving average and we have seen that the cycle that we mentioned in previous reports could triple, according to our projections in…

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera