There’re a bearish “Three Methods” and a bullish “Harami”, which both haven’t been confirmed yet. So, the market is likely going to get a support on the next “Window” in the short term. As we can see on the Daily chart, here’s a “High Wave”, but it requires a confirmation. Therefore, today the price is likely going to test the Moving Averages once again, where we will probably see a bullish pattern.
The main trend remains bearish, but we’ve got an “Engulfing” at the last low, which has been confirmed by the just finished “Three Methods” pattern. So, the market is likely going to reach the 34 Moving Average during the day. If a pullback happens afterwards, there’ll be an opportunity to get a new low very soon.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
