EUR/USD: 34 Moving Average acting as resistance

EUR/USD: 34 Moving Average acting as resistance


The 34 Moving Average is acting as resistance, so there's a 'Shooting Star', but confirmation of this pattern is weak. In this case, we should watch the nearest support at 1.1350 as a possible departure point for a bullish price movement towards 1.1447.


We've got a bearish 'Engulfing', which is about to be confirmed. So, after a short break, the pair is likely going to reach the nearest support at 1.1350. If a pullback from this level happens next, there'll be time for another upward price movement.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera