EUR/USD: bearish "Engulfing"

EUR/USD: bearish "Engulfing"


We've got a bearish "Engulfing", which hasn't been confirmed yet. In this case, the price is likely going to decline towards the nearest resistance in the short term.


The 34 Moving Average has acted as support, so the market is likely going to test the next resistance in the coming hours. If any bearish pattern arrives afterwards, there'll be an opportunity to have a decline.



EUR/GBP holding the 65% Fibo zone

EUR/GBP consolidates the price action above the Fibonacci zone of 65%, which is currently being held due that it’s proven to be a strong nut to crack across the board…


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