EUR/USD: consolidation in a tiny range

Read the article on FBS website

0908eurusdh4-2.png

There's a bearish correction, which is taking place on the four-hours chart. The last bullish "High Wave" pattern hasn't been confirmed yet, so the market is likely going to test the 55 Moving Average in the short term.

0908eurusdh1-1.png

The price is still consolidating in a tiny range of bullish and bearish patterns. If the 34 Moving Average acts as resistance, we're likely going to have a new local low shortly.

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.