EUR/USD: "Engulfing" pattern

EUR/USD: "Engulfing" pattern

0112eurusdh4.png

The upper "Window" acted as resistance for the second time, so there's an "Engulfing" pattern, which hasn't been confirmed yet. Therefore, the 34 Moving Average is likely going to act as support in the short term.

0112eurusdh1.png

There's an "Engulfing" pattern, which has been formed on the upper "Window". The main intraday target is the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.

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EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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