EUR/USD: bullish 'Harami' on the 34 Moving Average

EUR/USD: bullish 'Harami' on the 34 Moving Average

1206eurusdh4 (3).png

There's a bullish 'Harami', which has been formed on the 34 Moving Average. So, the market is likely going to test the next resistance at 1.1862, which could be a starting point for a downward correction.

1206eurusdh1 (3).png

We've got a bearish 'Doji', which hasn't been confirmed yet. In this case, the pair is likely going to test the 55 Moving Average (1.1772), which could act as support. If so, there'll be a green light to have another upward price movement towards the next resistance at 1.1836.



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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