EUR/USD: lower 'Window' acted as support
If a pullback from the nearest resistance happens next, bears are likely going to test the next support at 1.1283...
EUR/USD: "Hammer" led to bullish correction
The last "Shooting Star" and "Engulfing" patterns have been confirmed, but the 34 Moving Average has acted as support. So, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the 55 MA afterwards.
There's an "Inverted Hammer" at the last low, so the price is rising. It's likely that the market is going to continue moving up towards the nearest resistance area. If any bearish pattern arrives later on, we could have just another decline.
Galya Svetlova
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EUR/USD: bullish 'Engulfing'
The price faced with resistance by the 89 MA. In this case, we should watch the lower 'Window' as...
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There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
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