The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
EUR/USD: bearish 'Engulfing' pattern
There's a pullback from the 55 Moving Average line, so we've got a bearish 'Engulfing' pattern. In this case, we should watch the nearest support at 1.1343 as an intraday target. A pullback from this level could be a departure point for another bullish price movement towards the previously tested resistance at 1.1447.
The 89 Moving Average is acting as resistance. However, there's a bullish 'High Wave', but confirmation of this pattern is weak. So, the pair is likely going to test the upper 'Window' (1.1401) and the next support at 1.1343 afterwards.
A great chance to make profit on stocks! Investors are inspired by economic reopening and optimistic vaccine news.
On May 27, the longtime cable TV provider AT&T will launch HBO Max – a new streaming platform. How will it affect the price of AT&T?
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.