STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
EUR/USD: 'Window' acted as resistance once again
There's a local bearish 'Harami', which has been confirmed enough. So, the market is likely going to test the nearest support at 1.1606, which could be a starting point for another bullish price movement towards the 89 Moving Average.
The upper 'Window' acted as resistance once again, so we've got another 'Engulfing' pattern. At the same time, there's a bullish 'Harami', so we could have a local upward correction. Even so, the price is likely going to test the lower 'Window' (1.1606).
Galya Svetlova
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