EUR/USD: bears ready to deliver new low
We’ve got a “Tower” on the 13 Moving Average, but this pattern hasn’t been confirmed yet. Therefore, the price is likely going to test the 13 Moving Average once again in the short term. If a pullback from this line happens, there’ll be an opportunity to have another decline. As we can see on the Daily chart, here’s a “Thrusting Line”, so bears are likely going to move on.
There’re an “Engulfing” and a “Doji” at the local lows, which both have been confirmed enough. So, bulls are likely going to test the 55 Moving Average during the day. However, if a pullback from this line be on the table, bears will probably try to deliver a new low.