EUR/USD Forecast: bearish “Tweezers”

Euro4We’ve got an “Engulfing” and a “Belt hold” patterns on the 34 Moving Average.

In this case, the market is likely going to test the nearest support once again.

If a pullback from this level happens, we could have a bullish price movement towards the nearest “Window”.

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The price is consolidating near the Moving Averages. At the same time, we’ve got a bearish “Tweezers”, but this pattern remains unconfirmed. So, the lower “Window” is going to act as support for the second time.

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