EUR/USD: bears stopped by "Window"

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EUR/USD: bears stopped by

The lower “Window” has acted as a support, so we’ve got a “Hammer” pattern, but its confirmation is a quite weak. Also, there’s a bearish “Doji” on the 144 Moving Average. Therefore, bears are likely going to test the nearest support, which could be a departure point for another upward price movement towards the 89 Moving Average.

EUR/USD: bears stopped by

We’ve got a “Shooting Star”, which has been formed on the 34 Moving Average. However, this pattern has a weak confirmation. Nevertheless, the market is likely going to test the closest support during the day. If a pullback from this level happens, there’ll be an opportunity to have a new local high.

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