EUR/USD: 89 Moving Average acted as support

EUR/USD: 89 Moving Average acted as support


The 89 Moving Average has acted as support, but there's a bearish 'Harami'. So, the market is likely going to test the nearest support at 1.1690. A pullback from this level could be a departure point for a bullish price movement towards the next resistance at 1.1777.


The upper 'Window' has acted as resistance, so the price is declining. The main intraday target is the closest support at 1.1690. If a pullback from this level happens next, bulls will probably try to reach another resistance at 1.1777.



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