EUR/USD: bearish "Engulfing"

EUR/USD: bearish "Engulfing"

2908eurusdh4-1.png

The price is still rising, but we're likely going to have a reversal pattern soon. If so, there'll be an opportunity to have a local downward correction. Nevertheless, bulls are going to deliver a new high afterwards.

2908eurusdh1-1.png

We've got a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the nearest support level, which could be a departure point for another upward price movement.

eur

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