EUR/USD: bearish 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...
EUR/USD: 34 MA going to act as support
There's a "Shooting Star", which has been confirmed. So, the 34 Moving Average is likely going to act as support in the short term. This line could be a departure point for a local upward correction.
There's a "High Wave", but confirmation of this pattern is a quite weak. Therefore, we should keep an eye on the upper "Window" as an intraday target.
Galya Svetlova
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