EUR/USD: market to test the lower 'Window'

EUR/USD: market to test the lower 'Window'

2301eurusdH4.png

There's a bullish 'Engulfing', but this pattern hasn't been confirmed yet, so the market is likely going to test the lower 'Window' (1.1327), which acted as support earlier. The subsequent pullback from this level could lead to an upward price movement towards the nearest resistance at 1.1395.

2301eurusdH1.png

We've got a bearish 'Engulfing', which has been formed on the 34 Moving Average. In this case, the pair is likely going to test the lower 'Window' (1.1327) in the coming hours. If a pullback from this level happens next, bulls will probably try to achieve the previously test resistance at 1.1384.

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