EUR/USD: bearish 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...
EUR/USD: bears going to test next "Window"
Bears have reached the lower "Window", so if any bullish pattern arrives, there'll be an opportunity to have a local upward correction. However, we could have a decline towards the 55 Moving Average afterwards.
The price has been falling since a "Hanging Man" formed at the last high. At the same time, we're likely going to have an upward correction towards the nearest "Window", which could be a departure point for another decline.
Galya Svetlova
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