EUR/USD: 89 Moving Average acted as resistance
Read the article on FBS website
The 89 Moving Average has acted as resistance, so there's a 'High Wave' pattern, which hasn't been confirmed yet. In this case, the pair is likely going to test the nearest resistance at 1.1474 once again. A pullback from this level could lead to another decline.
There're bearish patterns such a 'Harami' and an 'Engulfing'. Therefore, the market will test the closest support at 1.1415 shortly. Meanwhile, if a pullback from this level happens little later on, we should watch the next resistance at 1.1474 as an intraday target.