EUR/USD: 34 MA going to act as support

EUR/USD: 34 MA going to act as support

2408eurusdh4-1.png

There's a "Shooting Star", but confirmation of this pattern is quite weak. So, the 34 Moving Average is likely going to act as support. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the nearest resistance, which could be a departure point for another decline.

2408eurusdh1-1.png

We've got a "Tweezers" and a "High Wave", which both have been confirmed by the two "Three Methods" patterns in a row. Therefore, the market is likely going to test the nearest support, where we could have a bullish pattern. If so, the last high will be probably tested once again.

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