EUR/USD: market consolidating between the MA

EUR/USD: market consolidating between the MA

12-6-2018-EUR-H4 (1).png

The market is consolidating between the 89 and 34 Moving Averages. It's likely that we're going to have a 'Triangle' soon. If so, we should keep an eye on the nearest resistance at 1.1829 - 1.1853 as the next bullish target.

12-6-2018-EUR-H1 (1).png

There's a local 'Double Bottom', which pushed the market higher. Meanwhile, we could have a local downward correction in the coming hours. So, if a pullback from the closest support at 1.1778 happens next, there'll be time for another bullish price movement.



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: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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