EUR/USD: "Window" going to act as resistance

EUR/USD: "Window" going to act as resistance

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The price has been rising since a pullback from the nearest Moving Average happened. Also, there isn't any bearish pattern so far. Therefore, the market is likely going to continue rising towards the upper "Window".

2706eurusdh1.png

The Moving Averages have acted as support, so the price is rising. All the last candles are bullish. However, if a pullback from the closest resistance happens, there'll be an opportunity to have a local bearish correction.

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