EUR/USD: lower 'Window' acted as support

EUR/USD: lower 'Window' acted as support

0405eurusdh4 (1).png

The lower 'Window' acted as support, so there's an 'Inverted Hammer'. However, this pattern hasn't been confirmed enough, so the market is likely going to reach the next 'Window'.

0405eurusdh1 (1).png

The 34 Moving Average has acted as resistance, so there's a 'Shooting Star' pattern. In this case, the pair is likely going to test the nearest 'Window' in the coming hours.



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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