EUR/USD: bullish "Hammer" on the 55 MA

EUR/USD: bullish "Hammer" on the 55 MA

0102eurusdH4 (2).png

The 21 Moving Average acted as support, so there're a "Tweezers" and a "High Wave" patterns. In this case, the market is likely going to continue rising towards the last high.

0102eurusdH1 (4).png

There's a bullish "Hammer", which has been formed on the 55 Moving Average. Therefore, bulls are likely going to achieve the next resistance area in the short term.



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