EUR/USD: "Inverted Hammer" on the 55 MA

EUR/USD: "Inverted Hammer" on the 55 MA

1206eurusdh4.png

We've got an "Inverted Hammer" on the 55 Moving Average. Considering confirmation of this pattern, the market is likely going to test the upper "Window" in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a downward correction.

1206eurusdh1.png

There's a new "Window", which was formed this morning. Also, we've got a "Belt Hold" pattern, so bulls are likely going to continue pushing the price even higher towards the nearest resistance.

eur

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