EUR/USD: 'Engulfing' still unconfirmed

EUR/USD: 'Engulfing' still unconfirmed

0908eurusdh4.png

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.

0908eurusdh1.png

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).

eur

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