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: broken "Window"
We've got a "Tweezers" and a "Harami", but confirmation of both patterns is quite weak. So, we could have a local upward price movement and a decline towards the Moving Averages afterwards.
The last "Window" has been broken. Also, there isn't any reversal pattern so far, which means the price is likely going to continue moving up. If any bearish pattern arrives later on, there'll be an opportunity to have another decline.
Galya Svetlova
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