EUR/USD: bearish "Engulfing"

EUR/USD: bearish "Engulfing"

1007eurusdh4-1.png

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.

eur

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera