EUR/USD: "Engulfing" brought bearish correction into the market
There’s a local correction, which is taking place on the four-hour chart. Previously, a “Harami” pattern was formed at the local high. Therefore, the market is likely going to reach the nearest support line. As we can see on the Daily chart, we’ve got a possible “Harami”, so there’s an opportunity to have a downward correction.
We’ve got an “Engulfing” at the local high, which has been confirmed enough. Also, there’s a “Three Methods” pattern, which highlights bearish pressure on the ground. So, the pair is likely going to test the lower side of the nearest “Window”.