EUR/USD: bearish 'Engulfing' pattern

EUR/USD: bearish 'Engulfing' pattern

0504eurusdH4 (4).png

There's still no any reversal pattern so far, which means the pair is likely going to continue declining. However, if a pullback from the nearest support area forms little later on, there'll be an opportunity to have an upward correction.

0504eurusdH1 (4).png

We've got a bearish 'Engulfing' pattern, which has been confirmed. So, the market is likely going to continue declining in the direction of the lower 'Window'.



Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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