EUR/USD: bearish 'Harami' pattern

EUR/USD: bearish 'Harami' pattern

2112eurusdh4.png

There's a bearish 'Harami' pattern, which has been confirmed, so the pair is likely going to test the 144 Moving Average (1.1400). If a pullback from this line happens next, bulls will probably try to reach the next resistance at 1.1500.

2112eurusdh1.png

We've got bearish patterns such a 'High Wave', a 'Shooting Star' and an 'Engulfing', so the price is declining. Meanwhile, if the lower 'Window' and the 55 Moving Average act as support little later on, there'll be an opportunity to have another upward price movement towards 1.1500.

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