EUR/USD: "Window" acted as resistance

EUR/USD: "Window" acted as resistance


The upper "Window" has acted as resistance, so the price is consolidating. Also, we've got a "Tower" pattern here. If the 55 Moving Average acts as support, there'll be an opportunity to have another upward price movement.


It's likely to have an "Evening Star". So, the market is likely going to test the 89 Moving Average, which could be a departure point for another upward price movement.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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