EUR/USD: bears reached support level
There’s a bearish price movement, which is taking place on the four-hours chart. We’ve got a “Doji” at the last high, which has been confirmed, so the market is likely going to continue falling down towards the nearest “Window”. As we can see on the Daily chart, the 34 & 89 Moving Average line have been broken, so bears will likely going to move on.
The price came back to the previously tested support level. We haven’t got any reversal patterns so far, but if we see any bullish model, there’ll be an opportunity to have an upward correction.