EUR/USD: "Engulfing" on the upper "Window"

EUR/USD: "Engulfing" on the upper "Window"

1210eurusdh4-1.png

There's a bearish "Engulfing" pattern, which hasn't been confirmed yet. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for another upward price movement.

1210eurusdh1-1.png

We've got an "Engulfing", which has been formed on the upper "Window". Therefore, the pair is likely going to decline in the short term. The main bearish target is the 144 Moving Average.

eur

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