EUR/USD: price going to test nearest support

EUR/USD: price going to test nearest support


The price is consolidating near the 34 Moving Average, so bears are likely going to reach the nearest support at 1.1661 - 1.1612. If a pullback from this area happens, we could have another upward price movement towards the closest resistance at 1.1688 - 1.1714.


There's a consolidation, which is taking place between the levels 1.1688 - 1.1714. It's likely that the pair is going to test the next support at 1.1661 - 1.1639 during the day. Meanwhile, if we see a pullback from these levels, bulls will probably try to achieve another resistance at 1.1688 - 1.1695.



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