EUR/USD: no any reversal pattern

EUR/USD: no any reversal pattern

1302eurusdh4 (1).png

The last "Harami" led to the current upward price movement, so there's no any reversal pattern so far. At the same time, there's an opportunity to have a bearish correction anytime soon.

1302eurusdh1 (1).png

All the Moving Averages have been broken, so the price is moving up. It's likely to have a local correction in the short term, but bulls are likely going to test the upper "Window" afterwards.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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