EUR/USD: the 89 Moving Average acted as resistance

EUR/USD: the 89 Moving Average acted as resistance

2305eurusdh4.png

The 89 Moving Average has acted as resistance, so there're bullish patterns such a 'Doji' and an 'Engulfing'. In this case, the market is likely going to test the lower 'Window' (1.1305) within the next few hours.

2311eurusdH1.png

All the Moving Averages have been broken because of the last 'High Wave' and 'Doji' patterns. Meanwhile, if a pullback from the lower 'Window' happens next, there'll be a moment for an upward correction towards the closest support 1.1379.

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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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