EUR/USD: consolidation under the Moving Averages

EUR/USD: consolidation under the Moving Averages


The main trend is still bearish. Also, the 34 Moving Average has acted as resistance, so there's a 'V-Top' pattern. Nevertheless, after a short break, the market is likely going to test the next resistance at 1.2031 - 1.2055.


The market is consolidating under the Moving Averages. It's likely that the pair is going to test the 89 MA, which could act as resistance. If so, there'll be an opportunity to have another decline towards the nearest support at 1.1896 - 1.1890.



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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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