EUR/USD: "Triple Bottom" pushed price to 55 MA

EUR/USD: "Triple Bottom" pushed price to 55 MA


The main trend is still bullish. The 34 Moving Average has acted as support, so the price is likely going to reach the nearest resistance at 1.1975 - 1.2003. If a pullback from these levels happens, there'll be an opportunity to have a decline towards the next support at 1.1909 - 1.1892.


We've got a "Triple Bottom", which pushed the price to 55 Moving Average. So, the market is likely going to achieve the closest resistance area at 1.2028. If we have a pullback from this level, bears will try to test another support at 1.1934 - 1.1907.



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