EUR/USD: "Window" acted as a resistance
There’s a bullish “Tweezers” pattern at the local low, which has been confirmed enough. Also, we’ve got a possible “Three Methods” pattern, but it hasn’t been finished yet. Therefore, the market is likely going to test the 34 and 55 Moving Averages. If a pullback from these lines happens, there’ll be an opportunity to have another decline. As we can see on the Daily chart, the price reached the nearest resistance, but there isn’t any reversal pattern so far, which means bears are free to push the market even lower.
We’ve got an upward correction in progress. Previously, an “Inverted Hammer” and a “Tweezers” patterns have been formed. If the nearest “Window” acts as a resistance, then the price is likely going to test the closest support.