EUR/USD: bearish 'High Wave'

EUR/USD: bearish 'High Wave'


There's a bearish 'High Wave', which has been confirmed. So, the 55 & 89 Moving Averages are likely going to act as support soon. A pullback from these lines could be a starting point for another bullish rally.


We've got a bearish 'Tweezers', so the price is likely going to reach the 89 Moving Average. If a pullback from this line forms little later on, there'll be time for a local upward correction.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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