EURUSD: "High Wave" pattern

EURUSD: "High Wave" pattern

1701eurusdH4 (2).png

There's a "High Wave" pattern, which has been formed at the last local high. If the 34 Moving Average acts as support, there'll be an opportunity to have another upward price movement.

1701eurusdH1 (2).png

The last "Shooting Star" led to the current decline. However, we could have a local upward correction in the coming hours. Nevertheless, the 89 Moving Average is likely going to act as support little later on.

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