EUR/USD: pair reached the Moving Averages

2018-07-11 21:01    FBS

EUR/USD: pair reached the Moving Averages Institution Opinions 1

The pair has reached the Moving Averages, but there's no any bullish pattern so far. In this case, the market is likely going to test the nearest support at 1.1678 in the coming hours. A pullback from this level could be a starting point for a bullish price movement towards the next resistance at 1.1784.

EUR/USD: pair reached the Moving Averages Institution Opinions 2

There's a 'High Wave' pattern, which hasn't been confirmed yet. So, it's likely that we're going to have a local upward correction in the short term. Anyway, we should keep an eye on the closest support at 1.1677 as an intraday target.

EURMoving Average

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