EUR/USD: "Harami" pattern

EUR/USD: "Harami" pattern


The 34 Moving Average has acted as support, so we've got a "Harami" pattern on this line. So, bulls are likely going to test the nearest resistance level, which could be a departure point for another decline towards the 55 MA.


The price is consolidating between the 34 & 55 MA. Also, there isn't any reversal pattern so far. In this case, the market is likely going to reach the closest resistance. If a pullback from this level happens, we could have a downward price movement in the direction of the last low.



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