EUR/USD: "High Wave" has stopped bears
We’ve got a “Harami” and a “Doji” at the last high, which both have been confirmed. Therefore, the market is likely going to reach the nearest resistance line and start to decline afterwards. As we can see on the Daily chart, a possible “Three Methods” pattern was finally formed by the last “Engulfing” candle. So, today’s candle is probably going to be a black one.
The price has returned to the Monday's “Window”, which obviously can act as a support. We’ve got a “High Wave” at the local low, but it hasn't been confirmed yet. Under this circumstances, there’s an opportunity to see a bullish correction towards the nearest Moving Average lines.