EUR/USD: bullish "Inverted Hammer"

EUR/USD: bullish "Inverted Hammer"

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The bearish correction is still developing, so there isn't any bullish pattern so far. In this case, the market is likely going to continue declining towards the nearest "Window".

0906eurusdh1.png

We've got an "Inverted Hammer" at the last low, but confirmation of this pattern is a quite weak. Therefore, we could have a local upward correction and another decline afterwards.

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EUR/USD: bearish 'Harami'

The pair is likely going to test the 34 & 55 Moving Averages in the short term. A pullback from these lines could be a departure point...

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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