EUR/USD: bullish correction started

EUR/USD: bullish correction started

EUR/USD: bullish correction started

We’ve got a “Triple Bottom” pattern, so the market is likely going to test the nearest resistance between the 34 Moving Average and the level 1.0732. If a pullback from this area happens, there’ll be an opportunity to have a decline towards a support at 1.0655 – 1.0594.​

EUR/USD: bullish correction started

The price is consolidating between the levels 1.0678 – 1.0639. Therefore, the pair is likely going to test a support at 1.0655 – 1.0639 during the day. If we see a pullback from these levels, bulls will probably try to reach the closest resistance at 1.0713 – 1.0732.



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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