EUR/USD: bullish "Engulfing"

EUR/USD: bullish "Engulfing"

0211eurusdh4.png

The 21 Moving Average has acted as resistance, but there isn't any bearish pattern so far. In this case, bulls are likely going to test the 55 Moving Average, which could be a departure point for another decline.

0211eurusdh1.png

There's a bullish "Engulfing", but confirmation of this pattern isn't enough. So, the pair is likely going to get resistance on the 144 Moving Average during the day.

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