EUR/USD: 34 MA going to act as support

EUR/USD: 34 MA going to act as support

2601eurusdH4 (1).png

There's a "Piercing Line" pattern, which has been confirmed. So, if the 21 Moving Average acts as support, there'll be an opportunity to have a new local high.

2601eurusdH1 (1).png

We've got a "Harami" and a "High Wave", but both patterns haven't been confirmed yet. Therefore, the 34 MA is likely going to act as support. If so, bulls will probably try to reach the next resistance area.



Latest news

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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