EUR/USD: bearish 'Engulfing' pattern

EUR/USD: bearish 'Engulfing' pattern

2805eurusdH4.png

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.

2805eurusdH1.png

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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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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