EUR/USD: bearish "Engulfing"

EUR/USD: bearish "Engulfing"

3108eurusdh4-1.png

The last bearish "Harami" has been confirmed by a "Three Methods" pattern, so the price is declining. The next bearish target is the 55 Moving Average, which could be a departure point for an upward correction.

3108eurusdh1-1.png

There's a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to test the 89 Moving Average, which could act as support. If a pullback from this line happens, there'll be an opportunity to have another decline.

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