EUR/USD: 34 MA acted as support

EUR/USD: 34 MA acted as support


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.


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.



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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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