EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far


There's still no any reversal pattern so far, so the market is likely going to test the next support at 1.1284 soon. If a pullback from this level happens next, we're going to have an upward correction towards the closest resistance at 1.1434.


The last 'Hanging Man' pushed the price lower. It's likely that bears are going to achieve the nearest support at 1.1284 within the next few hours. This level could be a departure point for a bullish correction in the direction of the 89 Moving Average.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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