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EUR/USD: "Engulfing" at the local low

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There's a bearish "Tower" pattern, which has been confirmed enough. Therefore, the market is likely going to decline towards the 55 Moving Average. If we see any bullish pattern on this line afterwards, there'll be an opportunity to have another upward price movement.

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We've got a confirmed "Engulfing" at the local low. Considering confirmation of this pattern, the pair is likely going to get support on the 55 Moving Average. If a pullback from this line happens, the current upward correction will go on.

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