EUR/USD: price going to test nearest support

EUR/USD: price going to test nearest support


Bulls faced with resistance at 1.1949, so the market is likely going to test the nearest support area at 1.1909 - 1.1879. If a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.1975 - 1.2003.


The price is consolidating between the levels 1.1914 1.1941. It's likely that the pair is going to achieve the closest support at 1.1897 - 1.1879. However, if we have a pullback from these levels, we should keep an eye on another resistance at 1.1979 - 1.2003 as the next bullish target.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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