EUR/USD: consolidation going to continue
There’s a consolidation above the 55 Moving Average. Also, we’ve got a bullish “Harami” at the local low, so the market is likely going to test the nearest resistance once again. If we see a pullback from this level, there’ll be an opportunity to have another decline. As we can see on the Daily chart, here’s a “Shooting Star”, which has been confirmed. Under this circumstances, bears are likely going to reach the 34 Moving Average.
We’ve got a strong resistance by the 21 and 55 Moving Averages. Moreover, there’s a “Hammer” at the local low, but its confirmation is a quite weak. Therefore, the pair is likely going to test the nearest support for the second time, which could turn out to rise towards the closest resistance. If we see a pullback from this level, there’ll be an open door for an achievement of the lower “Window”.