EUR/USD:  'Tower' pattern on the 34 Moving Average

EUR/USD: 'Tower' pattern on the 34 Moving Average

1306eurusdh4 (1).png

It seems like there's a 'Tower' pattern on the 34 Moving Average. So, the market is going to reach the next resistance at 1.1862 in the short term.

1306eurusdh1 (1).png

We've got a bullish 'Hammer', which has been confirmed. In this case, after a short break, the price is going to test the nearest 'Window" (1.1815).




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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