EUR/USD: "Harami" set up upward correction
There’s an upward correction, which reached the 13 Moving Average. Also, we’ve got a “Three Methods” pattern, so bulls are likely going to achieve the nearest “Window”. As we can see on the Daily chart, here’s a “Piercing Line” at the local low, but this pattern hasn’t reached the middle of the last huge black candle. Therefore, the price is likely going to test the closest resistance level soon.
We’ve got a “Harami” pattern, which has been strongly confirmed. So, the market is likely going to get a resistance on the 55 Moving Average during the day. If a pullback from this line happens, there’ll be an opportunity to have a local consolidation between the Moving Averages.