EUR/USD: "Engulfing" pattern

EUR/USD: "Engulfing" pattern

2712eurusdh4 (3).png

There's still no any reversal pattern so far, cause all the last candles are bullish. Therefore, the price is likely going to test the next upward "Window".

2712eurusdh1 (3).png

The 34 Moving Average has acted as support, so we've got an "Engulfing" pattern on this line. In this case, the pair is likely going to continue moving up.



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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

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