EUR/USD: bullish patterns point to further upward movement
We’ve got a “Doji” and a “Harami” at the local low. Also, there’s a “Three Methods” pattern, so bulls are likely going to get a resistance on the upper “Window”. As we can see on the Daily chart, here’s a “High Wave”, but it hasn’t been confirmed yet. Therefore, the current upward correction is probably going to be continued.
There’s a flat in progress under the last “Window”. Considering bullish patterns at the local low, the market is likely going to achieve the 55 Moving Average in the short term.