EUR/USD: pair consolidating above 'Window'

EUR/USD: pair consolidating above 'Window'

2507eurusdh4.png

There's a bullish 'High Wave', which has been formed on the 89 Moving Average. However, confirmation of this pattern is quite weak, so the price is likely going to test the 144 MA (1.1745). A pullback from this line could be a starting point for a decline towards 1.1601.

2507eurusdh1.png

The pair is consolidating above the 'Window'. If we have a pullback from the nearest support at 1.1678, there'll be an opportunity to have a bullish price movement in the direction of the upper 'Window' (1.1745).

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