EUR/USD Is Stuck between Two (MA)89 Indicators

EUR/USD has been moving to the upside for the past two days but the pair finally encountered some resistance at 1.0680, formed a hanging man candlestick as well as a doji candlestick below that level on the four-hour time-frame and bounced off from it. Whether the pair will continue moving to the downside is unclear for now, however, because the support at 1.0640, which coincides with the (MA)89 indicator on the thirty-minute time-frame proved to be quite strong.  EUR/USD is now caught between the two (MA)89 indicators on the thirty-minute and the four-hour time-frames and depending on which one of them it will breakout below or above it will become clear whether it will continue moving to the upside or to the downside. A breakout below 1.0640 will be a signal that it will probably continue falling towards the next support level at 1.0610 – 1.0600. Alternately, a breakout above 1.0655, which is the (MA)89 indicator on the four-hour time-frame, will likely lead to a further move to the upside towards the previous high at 1.0678.