There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
EUR/USD: pair to test nearest resistance
There's a bullish 'Harami' pattern, which has been confirmed. In this case, the pair is likely going to achieve the previously tested resistance at 1.1418. If a pullback from this level happens next, bears will probably try to reach the closest support at 1.1335.
The last 'Shooting Star' pattern has still no confirmation, so the market is likely going to test the nearest resistance at 1.1418 in the coming hours. Meanwhile, a pullback from this level could be a starting point for a decline in the direction of the lower 'Window' (1.1335).
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
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