EUR/USD: "Harami" pattern

EUR/USD: "Harami" pattern

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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.

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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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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

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