EUR/USD: 'Triple Top' on 34 Moving Average

EUR/USD: 'Triple Top' on 34 Moving Average

2019-11-11 • Updated

30-4-2018-EUR-H4.png

There's a 'V-Bottom' pattern, so we've got a developing bullish correction. Even so, the market is likely going to test the next support at 1.2066 - 1.2051 within the next few hours.

30-4-2018-EUR-H1.png

We've got a 'Triple Top', which has been formed on the 34 Moving Average. So, the price is likely going to reach another support area at 1.2066 - 1.2051 in the short term.

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