EUR/USD: bears going to deliver new low
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The 34 Moving Average acted as a support, so the price is consolidating. Nevertheless, the market is likely going to test the next support at 1.0732 – 1.0718. If a pullback from this area happens, there’ll be an opportunity to have a bullish price movement towards a resistance at 1.0774 – 1.0797.
The price is consolidating under a support at 1.0732. Meanwhile, the pair is likely going to test another support at 1.0732 – 1.0724 during the day. However, if we’ve got a pullback from this area, bulls will probably try to achieve the 89 Moving Average.