EUR/USD: price under the Moving Averages

EUR/USD: price under the Moving Averages

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The price is under the Moving Averages and there's no any reversal pattern so far. The main intraday target is the next support at 1.1519. A pullback from this level could be a departure point for an upward correction towards the 144 Moving Average.

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There's a 'Three Methods' pattern, which has been formed on the upper 'Window'. However, it's likely that the nearest resistance at 1.1596 is going to be tested once again. A pullback from this level could be a starting point for another decline.

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