EUR/USD: price to test the 34 Moving Average

EUR/USD: price to test the 34 Moving Average

The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed. So, we're likely going to have a local upward correction towards the 34 Moving Average. If this line acts as resistance, there'll be an opportunity to have another decline, so we should watch the next support at 1.1128 as a bearish target.




Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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