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

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


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.


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.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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