EUR/USD: bearish "Doji"

EUR/USD: bearish "Doji"

0502eurusdH4 (2).png

The 21 Moving Average acted as support once again, so there's a "Hammer". However, this pattern hasn't been confirmed, so the price is likely going to test the 34 MA, which could be a departure point for another bullish rally.

0502eurusdH1 (2).png

There's a bearish "Doji", which has been formed at the last local high. Therefore, the market is likely going to achieve the 89 Moving Average soon. If a pullback from this line happens, there'll be an opportunity to have an upward price movement.



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