EUR/USD: bears going to achieve support
The 55 & 34 Moving Averages acted as a resistance, so we’ve got a “Harami” and a “Two Crows” at the local high. In this case, the market is likely going to decline towards the nearest support line. As we can see on the Daily chart, there’s a resistance by the 13 Moving Average. Therefore, bears are likely going to move on after a local upward correction.
There’s a bearish correction in progress. We’ve got a bearish “Engulfing” at the local high, which has been confirmed by the last “Three Methods” pattern. So, the price is likely going to test nearest support line. If we see a pullback from this level, there’ll be an opportunity to have another upward movement.