EUR/USD: 'Inverted Hammer' on the 'Window'

EUR/USD: 'Inverted Hammer' on the 'Window'

2019-11-11 • Updated

0305eurusdh4 (1).png

There's an 'Inverted Hammer', but confirmation of this pattern isn't enough. So, after a short break, the market is likely going to achieve the lower 'Window', which could be a starting point for a bullish correction.

0305eurusdh1 (1).png

The price is consolidating under the 34 Moving Average. Because of the last 'Tweezers' pattern, the pair is likely going to test the 55 MA in the coming hours. If we have a pullback from this line little later on, there'll be a green light to have another decline.


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