EUR/USD: 144 Moving Average acted as resistance
We're likely going to have a local downward correction towards the 34 Moving Average. The following pullback from this line could lead to...
EUR/USD: price going to test "Window" again
The 34 Moving Average and the upper “Window” have acted as a resistance. However, there isn’t any bearish pattern, so the market is likely going to test the 89 & 144 Moving Averages in the short term. If a pullback from these lines happens, there’ll be an opportunity to have another decline.
The last bearish “Harami” hasn’t been confirmed, but we’ve got a bullish “Three Methods” pattern. In this case, the price is likely going to test the upper “Window” once again during the day. If a pullback from this level happens, bears will probably try to find a lodgment under Moving Averages.
Galya Svetlova
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