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    EUR/USD: bears faced a "harami"

    EUR/USD: bears faced a "harami"

    The price finally got a support on the nearest “Window”, which led to form a “Tweezers” pattern afterwards. There’s a “Shooting Star” at the last high, so the market is likely going to be lower.  As we can see on the Daily chart, here’s an “Engulfing Bullish” pattern, so the local upward correction has a reason to be continued.

    EUR/USD: bears faced a "harami"

    The pair reached a support by the “Window” and tasted the upper resistance afterwards, so now the market backed to the range. We’ve got a “Harami” at the local high and the following “Three Method” pattern, which confirms the possibility of further declining. It’s likely that the price is going to reach the nearest “Window” once again.


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