EUR/USD: the 89 Moving Average acted as resistance

Read the article on FBS website

2305eurusdh4.png

The 89 Moving Average has acted as resistance, so there're bullish patterns such a 'Doji' and an 'Engulfing'. In this case, the market is likely going to test the lower 'Window' (1.1305) within the next few hours.

2311eurusdH1.png

All the Moving Averages have been broken because of the last 'High Wave' and 'Doji' patterns. Meanwhile, if a pullback from the lower 'Window' happens next, there'll be a moment for an upward correction towards the closest support 1.1379.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.