Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
EUR/USD: confirmed bullish 'Engulfing'
There's a bullish 'Engulfing', which has been confirmed. Also, there's no any reversal pattern so far. In this case, the market is likely going to test the 144 Moving Average (1.1606), which could be a starting point for a decline towards the nearest support at 1.1504.
We've got a local 'Inverted Hammer', which has confirmation. So, the pair is likely going to reach the upper 'Window" (1.1606) soon. If a pullback from this level forms next, there'll be a green light for downward price movement.
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