The price is still consolidating near the 34 MA, so bears are likely going to reach the nearest support at 1.1909 - 1.1892.
Daily Market Analysis
NZD/CAD broke multiple support levels Next sell target - 0…
USD/CAD broke key support level 1…
AUD/USD is looking for a solid consolidation above the 50 SMA at H1 chart and it’s already trapped in a sideways range inside a supply zone between the 0…
The price is consolidating under 4/8 MM Level, which could be a departure point for wave [c]. The main target is 1/8 MM Level.
There's a possible "Three Methods" pattern, so the current local correction is likely going to end soon.
The 34 & 55 MAs acted as support, so the price is moving up. There's no any reversal pattern, cause all the last candles are bullish.
The Moving Averages have acted as support, so the price is rising, but bulls faced with resistance at 1.3032 - 1.3047.
There's a consolidation, which is taking place above the MAs. It's likely that the market is going to test the closest support...
EUR/JPY reversed from combined resistance area Next sell target - 128…
GBP/USD broke round resistance level 1…
EUR/JPY has been immersed in a corrective move since August 30th, looking forward to test a demand zone between the 50% and 61…