EUR/USD: bears are balancing on the "Window"
There’re a “Hammer”, an “Engulfing” and an “Inverted Hammer”, which all have been confirmed enough. Also, we’ve got a “Harami” at the local high, so the pair is likely going to test the nearest support. If we see a pullback from this level, bulls will probably try to come back to the market. As we can see on the Daily chart, here’s an “Inverted Hammer”, which has been confirmed by the last “Belt Hold” pattern. So, it’s likely to see a local correction during the day and an upward movement afterwards.
We’ve got a “High Wave” above the nearest “Window”, but its confirmation is in progress. Therefore, the price is likely going to reach a resistance by the previously formed “Three Methods” pattern in the short term.