EUR/USD: "Window" waiting for price
There’re a “Doji”, a “High Wave” and a “Tower” on the 34 and 55 Moving Averages. However, we’ve got a “Hammer” at the local low, which has been confirmed, so the price is likely going to test 89 Moving Average once again. If a pullback from this line happens, there’ll be a chance to see an upward movement. As we can see on the Daily chart, there’s a consolidation and we’ve got a “Harami” and a “Hammer”, but their confirmation has been canceled by the last “Engulfing” pattern. In this case, the market is likely going to test the nearest Moving Averages again.
The price hasn’t find a lodgement above the 89 Moving Average, so we’ve got an “Inverted Hammer”, which has been confirmed. Under this circumstances, bulls are likely going to reach the 89 Moving Average, but if we see a pullback from this line, a downward movement will be on the table.