There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
EUR/USD: market to test 34 Moving Average
The main trend is bearish. There's no any reversal pattern, so the market is likely going to test the next support at 1.1808 - 1.1791. A pullback from this area could be a departure point for an upward correction towards the nearest resistance at 1.1846 - 1.1859.
There's a 'V-Bottom', so the market is likely going to test the 34 Moving Average. Meanwhile, if a pullback from this line happens, there'll be an opportunity to have just another decline.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
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