EUR/USD: confirmed 'Tweezers' pattern

EUR/USD: confirmed 'Tweezers' pattern

0102eurusdH4.png

There's a bullish 'Tweezers' pattern, which has been confirmed. In this case, the market is likely going to test the nearest resistance level at 1.1552 soon. If a pullback from this level happens next, there'll be time for a downward correction.

0102eurusdH1.png

The 55 Moving Average has acted as support, so we've got a bullish 'Tweezers' pattern. However, there's also a 'Shooting Star', so we could face with a local downward correction in the short term. Nevertheless, we should watch the upper 'Window' (1.1552) as the next bullish target.

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