EUR/USD: 'Engulfing' still unconfirmed

EUR/USD: 'Engulfing' still unconfirmed


An 'Engulfing', which has been formed at the last local high, is still unconfirmed. So, we could have just an intraday downward correction within the next few hours. A pullback from the nearest support at 1.1662 is likely going to be a starting point for a bullish price movement.


There's a bearish 'Harami'. Also, the 89 Moving Average is acting as resistance. So, the price is likely going to achieve the next support at 1.1553. If a pullback from this level happens next, there'll be a moment for an advance towards the upper 'Window' (1.1662).



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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