EUR/USD: price to test the 34 Moving Average
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed...
EUR/USD: "Tweezers" and "Harami"
There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 Moving Average, which could be a departure point for another decline.
The 34 Moving Average is acting as resistance, so we've got a "Tweezers" and a "Harami" on this line. In this case, we could have a local decline during the day. Nevertheless, bulls will probably try to resume an upward correction afterwards.
Galya Svetlova
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