EUR/USD: all Moving Averages broken

EUR/USD: all Moving Averages broken

14-6-2018-EUR-H4 (1).png

The market is still consolidating between the Moving Averages. Also, there's a bullish 'Triangle', so the pair is likely going to test the next resistance at 1.1853 - 1.1896. A pullback from this area could be a departure point for a downward correction.

14-6-2018-EUR-H1 (1).png

All the Moving Averages have been broken, so the price is rising. Meanwhile, it's likely to have a bearish correction in the short term. In this case, we should keep an eye on the nearest support at 1.1799 - 1.1778 as a possible departure point for an upcoming bully rally.

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