EUR/USD: confirmed bearish 'Engulfing'

EUR/USD: confirmed bearish 'Engulfing'


There's a bearish 'Engulfing', which has been confirmed. Also, we've got a 'Three Methods' pattern, so the price is declining. If a pullback from the closest support at 1.1600 happens next, there'll be time for an upward correction towards the nearest resistance at 1.1676.


We've got a bullish 'Hammer', which hasn't been confirmed yet. In this case, the market is likely going to test the lower 'Window' (1.1600) once again. A pullback from this level could be a starting point for a bullish correction.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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