EUR/USD: bullish "Hammer"

EUR/USD: bullish "Hammer"

2602eurusdH4 (1).png

There's a bullish "Hammer", so the price is rising. Meanwhile, if a pullback from the nearest resistance area happens, there'll be a moment for another decline.

2602eurusdH1 (1).png

The 144 Moving Average is acting as resistance, but there's still no any reversal pattern. In this case, the market is likely going to test the closest support by the last "Three Methods" pattern, which could be a departure point for another upward price movement.

eur

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