EUR/USD: 55 MA tested once again

EUR/USD: 55 MA tested once again

1508eurusdh4-1.png

The 55 Moving Average has been tested once again, but we still don't have any confirmed bullish pattern. So, we could have a new local low soon. If another pullback from the nearest support happens, there'll be an option to have an upward price movement.

1508eurusdh1-1.png

We've got a bullish "Hammer" at the local low, but confirmation of this pattern isn't enough. So, the price is likely going to test the 34 & 55 Moving Averages, which could be a departure point for another decline.

eur

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