EUR/USD: local bearish 'Harami'

EUR/USD: local bearish 'Harami'

2906eurusdh4.png

The last 'Hammer' led to the current upward price movement. However, it's likely to have a local bearish correction during the day. Even so, the price is going to test the next resistance at 1.1690 afterwards.

2906eurusdh1.png

We've got a local bearish 'Harami', so a local downward correction is taking place. Meanwhile, if a pullback from the closest resistance at 1.1665 happens next, the market is likely going to achieve another support at 1.1608.

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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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