EUR/USD: bullish "Engulfing"

EUR/USD: bullish "Engulfing"

0310eurusdh4.png

There's a bullish "Engulfing", which has been formed at the last local low. Considering confirmation of this pattern, the market is likely going to test the Moving Averages. If a pullback from these lines happens, we could have another decline.

0310eurusdh1.png

We've got a "Tower" and a "Doji", so the 34 Moving Average is likely going to act as resistance. So, there's an opportunity to have a local correction if a pullback from this line happens in the coming hours.

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