EUR/USD: price consolidating between 89 and 34 MA

EUR/USD: price consolidating between 89 and 34 MA

2019-11-11 • Updated

13-6-2018-EUR-H4.png

The price is consolidating between the 89 and 34 Moving Averages. It's likely that the market is going to test the nearest support at 1.1717 - 1.1675. This area could be a starting point for an upward price movement towards the next resistance at 1.1799 - 1.1829.

13-6-2018-EUR-H1.png

All the Moving Averages have been broken. However, we could have an upward correction during the day. If a pullback from the closest resistance at 1.1778 happens litter later on, there'll be a moment for another decline.

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