EUR/USD: bearish "Harami" pattern

EUR/USD: bearish "Harami" pattern

1602eurusdH4 (3).png

There's a "Harami" pattern, which has been formed at the local high. So, the market is likely going to test the 21 Moving Average. If a pullback from this line happens little later on, there'll be an opportunity to have another upward price movement.

1602eurusdh1 (2).png

The last bearish "Doji" led to the current decline. It's likely that the pair is going to test the lower "Window", which could be a departure point for an intraday upward price movement.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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