EUR/USD:  'Tower' pattern on the 34 Moving Average

EUR/USD: 'Tower' pattern on the 34 Moving Average

1306eurusdh4 (1).png

It seems like there's a 'Tower' pattern on the 34 Moving Average. So, the market is going to reach the next resistance at 1.1862 in the short term.

1306eurusdh1 (1).png

We've got a bullish 'Hammer', which has been confirmed. In this case, after a short break, the price is going to test the nearest 'Window" (1.1815).



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