EUR/USD: price going to get support on MA

EUR/USD: price going to get support on MA

2604eurusdH4.png

There's a correction, which is taking place on the four-hours chart. Also, we've got a developing a "Three Methods" pattern, so the market is likely going to continue moving down towards the Moving Averages.

2605eurusdh1.png

We've got a "Shooting Star", which has been confirmed. Therefore, the 34 Moving Average is likely going to act as resistance. If a pullback from this line happens, bears will have an opportunity to reach the nearest support level.

eur

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