Sergey Logachev
Technical Analysis

EUR/USD: bulls going to test the next resistance

We’ve got a “V-Bottom”, so the price achieved a resistance at 1.0664 – 1.0697, which led to the current consolidation. Also, there’s a “Double Top” pattern, which has been confirmed. In this cast, the market is likely going to reach the 34 Moving Average line, which could be a departure point to a bullish price movement in the direction of the closest resistance at 1.0719 – 1.0745.
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