EUR/USD: 89 Moving Average acting as resistance
There's a bullish 'Three Methods' pattern. In this case, we should keep an eye on 144 Moving Average as the next intraday target...
EUR/USD reversed from support area
- EUR/USD reversed from support area
- Next buy target - 1.1900
EUR/USD continues to rise after the earlier upward reversal from the support area lying between the key support level 1.1700 (which also stopped the previous minor correction (a)), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of July. The upward reversal from this support area stopped the earlier minor impulse wave c. EUR/USD is expected to rise to next buy target at the next resistance level 1.1900 (top of impulse 3).
Dmitry Chernovolov
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