EUR/USD: new high coming soon

EUR/USD: new high coming soon

1705eurusdh4.png

The market has been rising since the lower "Window" acted as support. However, there's a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the next resistance level in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a downward correction.

1705eurusdh1.png

There's a bullish "Inverted Hammer", which has confirmation, so the price is consolidating. In this case, we're about to have a new local high, so it turns out that the price is going to rise until another bearish pattern forms.

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EUR/USD: euro hung on Tenkan-Kijun

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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