EUR/USD: "Window" acted as a resistance
1/16/2017
The upper “Window” acted as a resistance, so we’ve got a bearish “Doji”, which has been confirmed enough. So, the price is likely going to test the 34 & 55 Moving Averages in the short term. If any bullish pattern arrives afterwards, there’ll be an opportunity to have another upward price movement.
As we can see on the one-hour chart, the price found a lodgement under the closest resistance. Considering that there isn’t any confirmed bullish pattern, the market is likely going to decline towards the lower “Window” and the 144 Moving Average.
More:
https://new.fxbazooka.com/analytics/12058
1/16/2017
The upper “Window” acted as a resistance, so we’ve got a bearish “Doji”, which has been confirmed enough. So, the price is likely going to test the 34 & 55 Moving Averages in the short term. If any bullish pattern arrives afterwards, there’ll be an opportunity to have another upward price movement.
As we can see on the one-hour chart, the price found a lodgement under the closest resistance. Considering that there isn’t any confirmed bullish pattern, the market is likely going to decline towards the lower “Window” and the 144 Moving Average.
More:
https://new.fxbazooka.com/analytics/12058