EUR/USD: "Engulfing" and "Hammer"

Read the article on FBS website

0610eurusdh4-1.png

We've got a bullish "High Wave", which hasn't been confirmed enough. So, we could have just a local upward correction in the short term. If a pullback from the nearest resistance happens, bears are likely going to break the last low.

0610eurusdh1-1.png

We've got bullish patterns such an "Engulfing" and a "Hammer", which both have been confirmed. So, the 55 Moving Average is likely going to act as resistance during the day.

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.