EUR/USD: bulls try to deliver new local high

EUR/USD: bulls try to deliver new local high


There isn't any reversal pattern so far. However, if we have a pullback from the nearest resistance level, bears are likely going to test the middle of the last group of white candles. Anyway, bulls will probably try to deliver a new local high afterwards.


All the last candles are bullish. Meanwhile, if we see any bearish pattern in the coming hours, there'll be an opportunity to have a downward correction towards the Moving Averages.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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