EUR/USD: 34 MA going to act as support

EUR/USD: 34 MA going to act as support

2019-11-11 • Updated

0801eurusdh4 (1).png

There's a "Shooting Star", which has been confirmed. So, the 34 Moving Average is likely going to act as support in the short term. This line could be a departure point for a local upward correction.

0801eurusdh1 (1).png

There's a "High Wave", but confirmation of this pattern is a quite weak. Therefore, we should keep an eye on the upper "Window" as an intraday target.

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