EUR/USD: bulls going to test "Window" once again
There’s a correction inside the main bullish trend. We’ve got a “Hammer” in the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to get a resistance on the upper side of the nearest “Window”. If we see a pullback from this level, there’ll be an opportunity to have an achievement of the 55 Moving Average. As we can see on the Daily chart, the price found a lodgement under the “Window”, which could act as a resistance once again. So, after a local correction bears will probably try to deliver a new low.
We’ve got a bullish “Harami” and a “Three Methods” pattern at the last low. Under this circumstances, bulls are likely going to reach the nearest “Window’s” upper side.