EUR/USD: consolidation under Moving Averages

EUR/USD: consolidation under Moving Averages


There're bullish patterns such a 'Tweezers' and a 'Hammer', but both of them haven't been confirmed yet. So, the market is likely going to test the closest resistance at 1.1413 in the coming hours. The subsequent pullback from this level could lead to another decline towards the previously tested support at 1.1345.


The pair is still consolidating in a range of the 'Window' under the Moving Averages. It's likely that the price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out to a bearish rally in the direction of the next support at 1.1345.



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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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