EUR/USD: bullish 'High Wave' pattern

EUR/USD: bullish 'High Wave' pattern

0406eurusdh4.png

There's a bullish 'High Wave', so the price is rising. At the same time, if a pullback from the 55 Moving Average happens next, there'll be time for a decline towards the nearest support at 1.1680.

0406eurusdh1.png

The last 'Inverted Hammer' led to the current upward price movement. However, if we have a pullback from the upper 'Window' (1.1746), there'll be an opportunity to have a bearish correction in the direction of the 55 Moving Average.

eur

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