EUR/USD: 89 MA acted as support

EUR/USD: 89 MA acted as support

1909eurusdh4-1.png

The 89 Moving Average has acted as support, so we've got a "Shooting Star", but this pattern remains unconfirmed. So, the price is likely going to continue moving up towards the next "Window".

1909eurusdh1-1.png

We've got a "High Wave", which has been confirmed. In this case, we're likely going to have a local decline towards the 34 Moving Average, which could be a departure point for another upward price movement.

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EUR/USD: 34 & 55 MA acting as support

There isn't any reversal pattern. In this case, the price is likely going to test the nearest support area once again. If a bullish pattern forms...

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