EUR/USD: MA acting as resistance

EUR/USD: MA acting as resistance

2702eurusdH4 (2).png

The Moving Averages are acting as resistance, so the last bearish "Engulfing" pattern is still on the table. In this case, if a pullback from the nearest resistance area happens little later on, there'll be a moment for another decline.

2702eurusdH1 (2).png

The 144 Moving Average has acted as resistance, so there're bearish patterns such a "Doji" and a "Harami". Therefore, we're likely going to have a decline during the day. Meanwhile, if any bullish pattern arrives afterwards, we could have an intraday upward price movement.



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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