EUR/USD: upper 'Window' acted as resistance again

EUR/USD: upper 'Window' acted as resistance again


There're bearish patterns such an 'Engulfing' and a 'Tower', which both have been confirmed. Therefore, the market is likely going to test the nearest support at 1.1327 shortly. If a pullback from this level happens next, there'll be time for a bullish correction towards 1.1385.


The upper 'Window' has acted as resistance once again, but there's a 'Doji' on the Moving Averages. In this case, it's likely that the pair is going to achieve the closest resistance at 1.1377 soon. The subsequent pullback from this level could lead to a decline to 1.1327.



Latest news

GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

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