EUR/USD: bearish 'Engulfing' pattern

Read the article on FBS website

0808eurusdh4.png

There's a bearish 'Engulfing', which hasn't been confirmed yet. So, it's time for a local downward correction. Anyway, the market is likely going to test the next resistance at 1.1662 little later on.

0808eurusdh1.png

We've got a 'Shooting Star', which has been confirmed enough. Therefore, the price is likely going to achieve another support at 1.1557 shortly. A pullback from this level could be a departure point for a bullish rally towards the upper 'Window' (1.1662).

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.