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

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