Have you seen the USD? It lost value against the EUR and JPY - a rare situation - grab it!
EUR/USD: "Triple Bottom" pattern
The 89 Moving Average has acted as support, so there's "Triple Bottom" pattern, which has been confirmed. The main intraday target is the next resistance at 1.2358 - 1.2384. If we have a pullback from this area, there'll be an opportunity to have another decline.
Bulls faced with resistance at 1.2334, so we should keep an eye on the 34 Moving Average as the next bearish target. This line could be a departure point for an upward price movement towards the nearest resistance at 1.2358 - 1.2384.
What are the key technical levels for the main pairs? Check the article to set yourself for this day's trends.
EUR/USD ran into resistance of the 100- and 200-week MAs at 1.1340 and slid towards 1.1100.
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