EUR/USD: market to test the next support

EUR/USD: market to test the next support


The last 'Flag' pattern has been broken, so the market is likely going to test the next support at 1.1509 - 1.1478. A pullback from this area could be a departure point for a bullish correction towards the nearest resistance at 1.1623 - 1.1652.


The price is still consolidating under the Moving Averages. It seems like there's a 'V-Bottom' pattern, so the pair is going to reach the closest resistance at 1.1607 - 1.1623.



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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