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: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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