EUR/USD: resistance by the upper "Window"

EUR/USD: resistance by the upper "Window"


There's resistance by the upper "Window", so we've got a bearish "Tweezers", which has been confirmed. Therefore, there's an opportunity to have a correction in the direction of the 34 Moving Average, which could be a departure point for another bullish price movement.


We've got a bearish correction, which is taking place on the one-hour chart. However, there's a "High Wave", so bulls are likely going to deliver a local upward correction. Nevertheless, the main intraday target is the 144 Moving Average, so we could have the market even lower.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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