EUR/USD: bears going to test "Window" once again
There’s a consolidation on the Moving Averages, so we’ve got a “Shooting Star” and a “Harami” patterns, which both have been confirmed. Therefore, the market is likely going to reach the nearest support line, which could reverse the price movement into an upward direction. As we can see on the Daily chart, here’s an “Engulfing” at the local high, but its confirmation is a quite weak. So, if the price gets a support on the 34 Moving Average, there’ll be an opportunity to have another bullish rally.
The lower “Window” has been acted as a strong support, but we’ve got a “Harami” at the last high. Considering a confirmation of this pattern, it’s likely that bears going to test the “Window” once again in the short term.