EUR/USD: 'Doji' formed on the 34 Moving Average

EUR/USD: 'Doji' formed on the 34 Moving Average

2505eurusdh4 (2).png

The pair has been declining since a 'Doji' formed on the 34 Moving Average. There's no any reversal pattern so far, which means the price is going to continue declining towards the next support area.

2505eurusdh1 (2).png

There's a 'Shooting Star', so the market is declining. In this case, bears are likely going to continue to push the price lower until any reversal pattern forms.



GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


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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