EUR/USD: "Window" going to act as resistance
There’s a bearish rally on the way, but we’ve got an “Engulfing” pattern at the last low. So, the price is likely going to reach the nearest resistance line in the short term. If a pullback from this level be on the table, there’ll be an opportunity to have another low. As we can see on the Daily chart, here isn’t any reversal pattern so far. Therefore, it’s likely to have one more test of the closest support line.
The last “Three Methods” pattern led to a couple of new highs, but there’s an “Engulfing” pattern. If it confirms, the price is likely going to reach the nearest “Window”, which could act as a resistance. If we see a pullback from this “Window”, there’ll be a chance to have a new low shortly.