EUR/USD: market to reach 55 Moving Average

EUR/USD: market to reach 55 Moving Average

5-4-2018-EUR-H4 (1).png

Bears faced with support at 1.2250, so the pair is consolidating. The main intraday target is the next support at 1.2239, which could be a departure point for another upward price movement towards the nearest resistance at 1.2285 - 1.2335.


There's a 'V-Bottom', so the market is likely going to reach the 55 Moving Average. However, if this line acts as resistance, bears will probably try to test the closest support at 1.2233.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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