EUR/USD: confirmed bullish 'Engulfing'

EUR/USD: confirmed bullish 'Engulfing'

2019-11-11 • Updated

2206eurusdh4 (1).png

There's a bullish 'Engulfing', which has been confirmed, so the market is rising. It's likely that the pair is going to reach the 55 Moving Average (1.1684), which could be a starting point for another decline.

2206eurusdh1 (1).png

We've got a bearish 'Harami', which has been formed on the upper 'Window'. So, the price is likely going to test the Moving Averages. A pullback from these lines could be a starting point for a bullish price movement towards the nearest resistance at 1.1684.

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