EUR/USD: new "Window" came to hand
The price found a lodgement under the Moving Averages, but the last bullish “Meeting Lines” pattern hasn’t been confirmed, so bears are likely going to move on towards the nearest support line. As we can see on the Daily chart, the pair achieved the 89 Moving Average, so it’s likely to see a bullish candle today. If so, bulls will probably try to deliver a local correction.
We’ve got a new “Window”, which has been closed by the recent candles. Also, there’s an “Engulfing” pattern, but we’ve got a local “Harami” at the last low. This pattern is unconfirmed, so after a local correction, the market is likely going to achieve the nearest support line.