EUR/USD: 55 Moving Average acted as support

EUR/USD: 55 Moving Average acted as support

1604eurusdH4 (1).png

The 89 and 55 Moving Averages have acted as support, so there's a 'Three Methods' pattern. In this case, the pair is likely going to test the next resistance area.

1604eurusdH1 (1).png

There's still no any reversal pattern so far. However, if we have any bearish model in the coming hours, there'll be an opportunity to have a correction. Even so, bulls will probably try to reach the upper 'Window' afterwards.



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.

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