EUR/USD: bearish patterns has been confirmed
We've got a “Hammer” at the last low, but it hasn’t confirmed yet. Considering a pullback from the nearest “Window”, it’s possible to see an upward correction towards the 55 Moving Average. If this line acts as a resistance, bears will probably try to resume their rally. As we can see on the Daily chart, there're a lot of bearish patterns. All of them formed a “Tower” pattern, so it’s likely to see the market lower in the short term.
The pair has been moving in flat’s range since a “Hammer” was arrived at the local low. The market is likely going to form a deeper correction towards the 34 Moving Average, which can act as a resistance. If so, bears will probably try to return and deliver a new low.