EUR/USD: bullish 'Hammer' pattern

EUR/USD: bullish 'Hammer' pattern

0911eurusdH4.png

There's a bullish 'Hammer', which hasn't been broken yet. So, the pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test the lower 'Window'.

0911eurusdH1.png

We've got a bullish 'Inverted Hammer', which has been confirmed. The main intraday target is the upper 'Window', which could be a starting point for another decline towards the next support at 1.1300.

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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