EUR/USD: "Engulfing" plays into the bearish hands
There’s a “Harami” at the last low, which entered the pair into a correction phase. So, the market is likely going to test the 89 Moving Average, which is strong enough to support bears. As we can see on the Daily chart, there’s a “High Wave”, but it requires a confirmation. Therefore, today’s candle is likely going to be black.
We’ve got an “Engulfing” on the 34 Moving Average, but it hasn't been confirmed yet. So, the current flat under the Moving Averages is likely going to move on.