EUR/USD: bullish 'Hammer' and 'Tweezers'

EUR/USD: bullish 'Hammer' and 'Tweezers'


The 34 Moving Average has acted as support, so we've got a 'Hammer', which has been confirmed. In this case, after a short break, the pair is likely going to test the closest resistance at 1.1477 within the next few hours.


There're bullish patterns such a 'Hammer', a 'Tweezers' and an 'Inverted Hammer', which all have been confirmed. Meanwhile, if a pullback from the nearest resistance at 1.1421 forms next, we should watch the 144 Moving Average as a possible departure point for another bullish price movement.



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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