EUR/USD: "Tweezers" points to a possible bearish correction
There’s a “Hammer” at the local low, which has been confirmed enough. However, we’ve got a “Harami” at the last high, so the market is likely going to test the nearest support line. If we see a pullback from this level, there’ll be an opportunity to have a bullish price movement towards the upper “Window”. As we can see on the Daily chart, there’re a “Harami”, a “Hammer” and an “Inverted Hammer” at the local low. Under this circumstances, bulls are likely going to achieve the nearest “Window” in the short term.
The pair has been rising since a “Tweezers” formed at the last low. At the same time, we’ve got a “Doji”, a “Shooting Star” and a “Tweezers” at the local highs, so bears are likely going to test the 21 Moving Average during the day.