EUR/USD: bullish "Hammer"

EUR/USD: bullish "Hammer"


The price reached the nearest support, so we could have a reversal bullish pattern soon. If so, the price is likely going to test the closes resistance level, which could be a departure point for another decline.


We've got a bullish "Harami" at the local low. Considering confirmation of this pattern, the market is likely going to test the next resistance level during the day. If any bearish pattern arrives little later on, we'll likely have just another decline.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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