EUR/USD: "Window" has been waiting for bears
There’s a “Harami” on the 89 Moving Average, which led to the current decline. The main bearish target is the nearest “Window”, which is almost reached. It’s likely possible to see bullish patterns on this “Window”. If so, the market is likely going to get a resistance on the 144 Moving Average. As we can see on the Daily chart, there’s a “Three Methods” pattern, so bears will likely try to deliver a new low, but an upward correction becomes possible afterwards.
We’ve got a “Harami” on the 55 Moving Average, which has been confirmed enough. At the same time, there’s an “Inverted Hammer” at the local low, which points to a possible upward correction.