Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
EUR/USD: price to test the 34 Moving Average
Information is not investment advice
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed. So, we're likely going to have a local upward correction towards the 34 Moving Average. If this line acts as resistance, there'll be an opportunity to have another decline, so we should watch the next support at 1.1128 as a bearish target.
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