EUR/USD: bullish "Piercing Line"

EUR/USD: bullish "Piercing Line"

1112eurusdh4.png

There's a bullish "Piercing Line", which has been confirmed, so the price is rising. Also, there's no any bearish pattern, which means the price is going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have another decline.

1112eurusdh1.png

We've got a "Tower" pattern, which has been formed at the last low. Considering that there's no any reversal pattern, the market is likely going to continue moving up towards the Moving Averages in the short term.

eur

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