EUR/USD: bulls going to test last high

EUR/USD: bulls going to test last high

1505eurusdh4-1.png

The 55 Moving Average and the lower "Window" have acted as support, so we've got a "Three Methods" pattern on this line. Therefore, the market is likely going to continue moving up towards the nearest resistance level.

1505eurusdh1-1.png

The price has been rising since a "Hammer" formed at the last low. There isn't any reversal pattern so far, but there's an opportunity to have a local correction. Anyway, bulls are likely going to reach the upper "Window" in the short term.

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