EUR/USD: "Tweezers" pattern

EUR/USD: "Tweezers" pattern

0806eurusdh4.png

We've got a "Tweezers" pattern, which has been confirmed. So, bears are likely going to test the 34 Moving Average line, which could be a departure point for another bullish price movement.

0806eurusdh1.png

The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high. Considering confirmation of this pattern, the pair is likely going to test the 144 MA one more time.

eur

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