FBS - Analytics

    FBS

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    EUR/USD: flat between two "Windows"

    EUR/USD: flat between two "Windows"

    There’s a “Shooting Star” on the 21 Moving Average, so the market is likely going to test the nearest lower “Window” once again. If the price faces a support here, there’ll be an opportunity to see a deeper bullish correction towards the middle of the huge black candle. As we can see on the Daily chart, there isn’t any reversal pattern so far. However, bulls are probably going to reach the nearest resistance line in the short term, which can easily reverse the price movement in the direction of the last low.

    EUR/USD: flat between two "Windows"

    We’ve got a confirmed “High Wave” on the upper side of the current “Window”. Also, the price has got a support by the 34 Moving Average. Therefore, bears are likely going to achieve the nearest support by the “Inverted Hammer” pattern at the local low.


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