EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bearish 'Engulfing' pattern
2022-12-28 • Updated
There's a local bearish 'Engulfing', which has been confirmed. In this case, the market is likely going to test the next support area, which could be a starting point for an upward correction.
We've got a 'Three Black Crows', which has been formed under the 55 Moving Average. Also, the pair went through the last 'Window'. So, after a short break, the pair is likely going to reach the closest support.
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