EUR/USD: price to test 34 Moving Average

EUR/USD: price to test 34 Moving Average

Information is not investment advice

The last 'Shooting Star' has weak confirmation, so the price is likely going to test the 34 Moving Average and the closest resistance at 1.1242 by the 'Three Methods' pattern. The subsequent pullback from these levels could lead to a decline in the direction of the next support at 1.1034.





XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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