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    EUR/USD: bulls going to test the "Window"

    EUR/USD: bulls going to test the "Window"

    There’s a confirmed bullish “Hammer” on the current “Window”. So, the price is likely going to test the 34 Moving Average once again. As we can see on the Daily chart, there’s a pattern similar to an “Engulfing”, but it hasn’t been confirmed yet. If a confirmation arrives later on, there’ll an opportunity to see another downward movement.

    EUR/USD: bulls going to test the "Window"

    We’ve got an “Engulfing” and a “Three Crows” on the 55 Moving Average. However, there’s another “Engulfing” at the local low inside the “Window”. Therefore, the price is likely going to test the 89 Moving Average during the day.


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