EUR/USD: 'High Wave' and 'Harami' pushed price higher

EUR/USD: 'High Wave' and 'Harami' pushed price higher

2009eurusdh4.png

The last 'High Wave' and 'Harami' patterns pushed the price higher. Also, there's no any reversal pattern so far. In this case, after a short break, the pair is likely going to test the next resistance at 1.1784.

2009eurusdh1.png

The 55 Moving Average has acted as support, so the price is rising. Meanwhile, if a pullback from the nearest resistance at 1.1736 happens little later on, there'll be a moment for a decline towards the nearest support at 1.1691, which could be a starting point for another bullish rally.

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