EUR/USD: All Moving Averages broken

EUR/USD: All Moving Averages broken


Bulls faced with resistance at 1.1859, so there's a "Thorn" pattern. The main intraday target is the nearest support at 1.1728 - 1.1712. If a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.1792 - 1.1814.


All the Moving Averages have been broken, so there's a "V-Bottom" pattern. It's likely that the market is going to reach the closest resistance at 1.1814 in the coming hours. Meanwhile, if we have a pullback from this level, bears will probably try to reach another support at 1.1756 - 1.1728.



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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