EUR/USD: "Window" waiting for bulls

EUR/USD: "Window" waiting for bulls


The price has been rising since the last "Hammer" was formed on the lower "Window". There isn't any reversal pattern so far, so the market is likely going to test the upper "Window" in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a downward correction.


We've got an "Engulfing", but this pattern hasn't been confirmed yet. Therefore, if a pullback from the closest support happens, bulls are likely going to deliver a new local high.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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