EUR/USD:

EUR/USD: "Harami" and "Engulfing"

2022-12-29 • Updated

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The 55 Moving Average has acted as support, but there's a bearish "Doji" on the last high. So, the price is likely going to test the 34 MA, which could be a departure point for another upward price movement.

1408eurusdh1-1.png

There are bearish patterns such a "Harami" and an "Engulfing". So, the 34 & 55 Moving Averages are going to act as support. If we have a pullback from these lines, there'll be an opportunity to see a local upward price movement.

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