EUR/USD: local bearish 'Tweezers'

EUR/USD: local bearish 'Tweezers'


There's a local bearish 'Tweezers', which has been confirmed. However, if the 144 Moving Average acts as resistance, the market is likely going to test the nearest support at 1.1558. A pullback from this level could be a starting point for another bullish price movement.


The price has reached the upper 'Window' and it seems like we're going to have a reversal bearish pattern soon. If so, we should keep an eye on the Moving Averages as an intraday target. If we have a pullback from these lines, bulls will probably try to achieve the next 'Window" (1.1659).



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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