EUR/USD: 'Tower' pushed pair higher

EUR/USD: 'Tower' pushed pair higher

1406eurusdh4 (1).png

The last 'Tower', which has been formed on the 34 Moving Average, pushed the pair higher. There's no any reversal pattern so far, which means the market is going to test the upper 'Window' (1.1874).

1406eurusdh1 (1).png

The price has fixated above the 'Window', but there's a 'Hanging Man' pattern, so the market is likely going to test the nearest support at 1.1801. A pullback from this level could be a departure point for another bullish rally.

eur

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