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    EUR/USD: "Hammer" frightened bears away

    The price has tested the nearest resistance twice, so the pair achieved the 89 Moving Average afterwards. It's likely that the market is going to reach the 144 Moving Average, which could bring any bullish pattern. As we can see on the Daily chart, there's a bearish “Harami”, so today’s candle is likely going to be black.

    EUR/USD: "Hammer" frightened bears away

    The price found a lodgement under the last “Window”. Also, we’ve got a “Hammer” at the local low, which points to a possible upwards correction. At the same time, bears still have enough power to continue their rally afterwards.

     

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