EUR/USD: price consolidating under the 'Window'

EUR/USD: price consolidating under the 'Window'

1005eurusdh4 (2).png

The pair is consolidating under the 'Window'. So, the market is likely going to test the next support area, which could be a departure point for an upward price movement towards the Moving Averages.

1005eurusdh1 (2).png

The 34 Moving Average has acted as resistance, so there's a 'High Wave' pattern. At the same time, the pair could test the 55 MA because of the last 'Morning Star' pattern. A pullback from this line will lead to another decline.

eur

Similar

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.

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera