EUR/USD: "Tweezers" on 34 Moving Average

EUR/USD: "Tweezers" on 34 Moving Average

0202eurusdH4 (3).png

The market has been rising since a "Tweezers" model formed on the 34 Moving Average. There's no any reversal pattern so far, which means the market is likely going to test the nearest resistance area in the short term.

0202eurusdH1 (3).png

There's a bullish "Hammer", which has been formed at the last local low. So, the price is likely going to continue moving up in the coming hours.

eur

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