EUR/USD: pair declining because of 'Engulfing'

EUR/USD: pair declining because of 'Engulfing'


The last bearish 'Engulfing' has pushed the pair lower. The main intraday target is the next support at 1.1417. If any bullish pattern forms little later on, there'll be a moment to have an upward correction.


We've got a bullish 'Hammer', but this pattern hasn't been confirmed yet. So, we should keep an eye on the nearest support at 1.1417 as a possible departure point for the upcoming bullish correction.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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