EUR/USD: pair reached the Moving Averages

EUR/USD: pair reached the Moving Averages


The pair has reached the Moving Averages, but there's no any bullish pattern so far. In this case, the market is likely going to test the nearest support at 1.1678 in the coming hours. A pullback from this level could be a starting point for a bullish price movement towards the next resistance at 1.1784.


There's a 'High Wave' pattern, which hasn't been confirmed yet. So, it's likely that we're going to have a local upward correction in the short term. Anyway, we should keep an eye on the closest support at 1.1677 as an intraday target.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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