EUR/USD: bearish 'High Wave'

EUR/USD: bearish 'High Wave'

3108eurusdh4.png

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.

3108eurusdh1.png

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.

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