EUR/USD: "High Waves" formed one after another
The price is moving in a flat between the Moving Averages. There're a “Hammer”, an “Engulfing” and an “Inverted Hammer”, but their confirmation isn’t enough. Therefore, the pair is likely going to test the nearest support and start rising afterwards. As we can see on the Daily chart, there’re a “Doji” and a couple of “Hammers”, so today’s candle is likely going to be white.
The last “Window” and the 34 Moving Average are acting as a resistance. The market is likely going to test the local low once again. If we see a pullback from there, bulls will probably try to break the Moving Averages.