EUR/USD: bearish "Engulfing"

EUR/USD: bearish "Engulfing"

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We've got a bearish "Tower", which has been confirmed enough. Therefore, the market is likely going to reach the nearest support. If a pullback from this level happens, bulls will have a green light to continue pushing price higher until any reversal pattern forms.

1007eurusdh1-1.png

There's a confirmed bearish "Engulfing" at the local high. In this case, we should keen in mind the 89 Moving Average as an intraday target. If we see a pullback from this line afterwards, there'll be an opportunity to have a local bullish correction.

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EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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