EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far


We've got a bullish 'Engulfing', which has been confirmed. Also, there's no any reversal pattern so far, which means the price is likely going to test the 89 Moving Average soon. If this line acts as support, there'll be a moment to have a decline towards the next support at 1.1237.


The market is rising because of the last 'Harami'. It's possible to have support from the lower 'Window', which could be a departure point for another upward price movement. The main intraday target is the nearest resistance at 1.1370.



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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