EUR/USD: 89 Moving Average acting as resistance

EUR/USD: 89 Moving Average acting as resistance


The 89 Moving Average is acting as resistance, so there's a bullish 'Three Methods' pattern. In this case, we should keep an eye on 144 Moving Average as the next intraday target. The following pullback from this line could be a departure point for a decline towards 1.1301.


There's a 'Morning Star' pattern, which has been formed on the lower 'Window'. At the same time, we've got a bearish 'Harami', so the price is likely going to test the 'Window' once again. Meanwhile, if a pullback from this level happens next, bulls will probably try to test another resistance at 1.1469.



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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