EUR/USD: 34 Moving Average acted as support

EUR/USD: 34 Moving Average acted as support

1901eurusdh4 (1).png

The last "High Wave" led to the current upward price movement, so there's no any reversal pattern so far. In this case, the pair is likely going to continue moving up towards the nearest resistance area.

1901eurusdh1 (1).png

The 34 Moving Average has acted as support, so there's a "Three Methods" pattern. Therefore, the market is likely going to test the upper "Window", which could be a departure point for a local bearish correction.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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