EUR/USD: 34 & 55 MAs acted as support

EUR/USD: 34 & 55 MAs acted as support

2808eurusdh4-1.png

The 34 & 55 Moving Averages have acted as support, so we've got bullish patterns such a "Harami" and a "Hammer", which both were confirmed. Also, there's a bearish "High Wave", so we could have a local downward correction. Anyway, bulls are likely going to test the nearest resistance area afterwards.

2808eurusdh1-1.png

The last "Shooting Star" led to the current bearish correction. However, we've got a bullish "Harami", so we're likely going to have a new local high soon. Meanwhile, if any reversal pattern arrives later on, there'll be an opportunity to have a downward correction.

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