EUR/USD: bullish "Rectangle"

EUR/USD: bullish "Rectangle"


The price has been consolidating under resistance at 1.1287. The 34 Moving Average is acting as support, so the pair is likely going to test the nearest resistance at 1.1307 - 1.1325. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1249 - 1.1232.


There's a consolidation, which is taking place between the levels 1.1278 - 1.1204. Also, we've got a "Rectangle", so bulls are likely going to test the next resistance at 1.1287 - 1203 in the coming hours. However, if we have a pullback from this area, bears will probably try to test the 55 Moving Average.



EUR/GBP holding the 65% Fibo zone

EUR/GBP consolidates the price action above the Fibonacci zone of 65%, which is currently being held due that it’s proven to be a strong nut to crack across the board…


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