EUR/USD: consolidating along Moving Averages

EUR/USD: consolidating along Moving Averages


The price is still consolidating along the Moving Averages. It's likely that the pair is going to test the closest support at 1.1628 - 1.1599 in the short term. A pullback from these levels could be a starting point for a bullish price movement towards the 89 Moving Average.


There's a 'Double Top', which has been confirmed, so the market is likely going to achieve the next support at 1.1623 - 1.1612. Meanwhile, if a pullback from this area forms next, there'll be a moment for an upward price movement.



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