EUR/USD: consolidation in a tiny range

EUR/USD: consolidation in a tiny range


There's a bearish correction, which is taking place on the four-hours chart. The last bullish "High Wave" pattern hasn't been confirmed yet, so the market is likely going to test the 55 Moving Average in the short term.


The price is still consolidating in a tiny range of bullish and bearish patterns. If the 34 Moving Average acts as resistance, we're likely going to have a new local low shortly.



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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