EUR/USD: "Engulfing" and "Hammer"

EUR/USD: "Engulfing" and "Hammer"

0610eurusdh4-1.png

We've got a bullish "High Wave", which hasn't been confirmed enough. So, we could have just a local upward correction in the short term. If a pullback from the nearest resistance happens, bears are likely going to break the last low.

0610eurusdh1-1.png

We've got bullish patterns such an "Engulfing" and a "Hammer", which both have been confirmed. So, the 55 Moving Average is likely going to act as resistance during the day.

eur

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