EUR/USD: Moving Averages acted as support

EUR/USD: Moving Averages acted as support

0401eurusdh4.png

There's a 'Three Methods' pattern, which has been formed on the Moving Averages. At the same time, if a pullback from the nearest resistance at 1.1421 happens little later on, bears are likely going to reach the previously tested support at 1.1306.

0401eurusdh1.png

The Moving Averages acted as support, so there's a 'Three Methods' pattern. Meanwhile, a pullback from 1.1421 could be a starting point for another decline, so we should watch the next support at 1.1308 as a possible bearish intraday target.

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