EUR/USD: "Harami" prevented bearish correction
Bulls have been moving up since a “Hammer” arrived at the local low. Also, we’ve got a bullish “Hammer”, which canceled a confirmation of the last “Hanging Man” pattern. Therefore, the market is likely going to test the 144 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have a local downward correction. As we can see on the Daily chart, there’s a “Shooting Star”, but it still hasn’t got a confirmation. So, today’s candle is likely going to be a white one.
We’ve got a “Harami” and a “Tweezers” at the local low, which both have been confirmed enough. So, bulls are likely going to deliver a new high very soon.