EUR/USD: price to test the nearest resistance
A pullback from 1.1555 could be a starting point for another decline towards the next support at 1.1392...
EUR/USD: "Triple Bottom" pushing price higher
Bears faced a support at 1.0639. Also, there’s a possible “Triple Bottom”, so the market is likely going to rise towards the 34 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have a decline in the direction of a support at 1.0678 – 1.0655.
The price is consolidating between the levels 1.0678 – 1.0629. Therefore, the pair is likely going to test the nearest support at 1.0655 – 1.0639 during the day. If a pullback from this area arrives afterwards, bulls will probably try to approach the next resistance at 1.0713 – 1.0732.
Sergey Logachev
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