EUR/USD: there isn't any reversal pattern

EUR/USD: there isn't any reversal pattern

2111eurusdH4.png

The price reached the 89 & 144 Moving Averages, but there isn't any reversal pattern so far. In this case, the current bearish correction is likely going to move on towards the 55 Moving Average.

2111eurusdH1.png

We still don't have any confirmed reversal pattern, so the pair is likely going to test the upper "Window" in the coming hours. If a pullback from this level happens, we could have just another local decline.

eur

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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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