There’re a couple of bearish patterns at the last high such a “High Wave” and a “Tweezers”. The current correction is likely going to reach the nearest support line. As we can see on the Daily chart, here’s a “Harami”, but it hasn’t confirmed yet. So, the upward movement is probably going to resume after the downward correction ends.
We’ve got a “Tweezers’, a “Shooting Star” and a “Harami”, which led to the current correction. It’s likely that we will see any kind of bullish pattern on the 34 Moving Average line. At the same time, after a local upward correction finishes, bears will probably taste the nearest support line.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
