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.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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