EUR/USD: bulls going to break Moving Averages

EUR/USD: bulls going to break Moving Averages

2019-11-11 • Updated

EUR/USD: bulls going to break Moving Averages

Bulls went through the nearest support area, so the price faced a resistance at 1.0678. Therefore, there’s an opportunity to have a bearish correction towards the 89 Moving Average. If a pullback from this line happens, we should keep an eye on the next resistance at 1.0698 – 1.0707.

EUR/USD: bulls going to break Moving Averages

The last bullish “Flag” and the Moving Averages have been broken. Also, there’s a pullback a resistance at 1.0678, so the price is consolidating. In this case, the pair is likely going to test the 89 Moving Average, which could be a departure point for an upward price movement in the direction of a resistance at 1.0698 – 1.0707.


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