EUR/USD: 89 Moving Average acted as resistance

EUR/USD: 89 Moving Average acted as resistance

0711eurusdH4.png

The 89 Moving Average has acted as resistance, so there's a 'High Wave' pattern, which hasn't been confirmed yet. In this case, the pair is likely going to test the nearest resistance at 1.1474 once again. A pullback from this level could lead to another decline.

0711eurusdH1.png

There're bearish patterns such a 'Harami' and an 'Engulfing'. Therefore, the market will test the closest support at 1.1415 shortly. Meanwhile, if a pullback from this level happens little later on, we should watch the next resistance at 1.1474 as an intraday target.

eur

Similar

Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Deposit with your local payment systems

Learn more

Callback

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