EUR/USD: "Engulfing", "Doji" and "Harami"

EUR/USD: "Engulfing", "Doji" and "Harami"

1808eurusdh4-1.png

There are bullish patterns such an "Engulfing", a "Doji" and a "Harami", which all have been formed on the 55 Moving Average line. So, the market is likely going to test the nearest resistance in the short term.

1808eurusdh1-1.png

The price has reached the Moving Averages, so it's likely to have any bearish pattern soon. In this case, we could have a local bearish correction, but bulls will probably try to deliver a new local high afterwards.

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