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    EUR/USD: "Window" could be a reason for deeper upward correction

    EUR/USD: "Window" could be a reason for deeper upward correction

    The last “Window” was finally closed, so we’ve got two bullish patterns such a “Morning Star” and an “Inverted Hammer”, which both have been confirmed enough. So, the market is likely going to test the upper “Window” in the short term. As we can see on the Daily chart, here’s a confirmed “Shooting Star”, so when a local correction ends there’ll be an opportunity to see a bearish candle.

    EUR/USD: "Window" could be a reason for deeper upward correction

    The price has been moving up and down under the “Window”. Also, we’ve got a “Harami” and a “Piercing Line” at the local low, so an upward movement becomes possible. In this case, we should keep an eye on the nearest resistance line.


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