EUR/USD: 89 MA acted as support

EUR/USD: 89 MA acted as support

3001eurusdH4 (2).png

There are bullish patterns such a "Tweezers" and a "Hammer", which both have been formed at the last local low. Therefore, the market is likely going to test the nearest resistance area in the short term.

3001eurusdH1 (2).png

The 89 Moving Average has acted as support, so there's an "Inverted Hammer", which has been confirmed enough. In this case, the pair is likely going to continue moving up in the coming hours.




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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