EUR/USD: bearish "Engulfing"

2018-02-14 22:00    FBS

EUR/USD: bearish "Engulfing" Institution Opinions 1

There's a bearish "Engulfing", which hasn't been confirmed enough. So, if the 89 Moving Average acts as support, there'll be an opportunity to have another upward price movement.

EUR/USD: bearish "Engulfing" Institution Opinions 2

The last "Engulfing" pattern led to the current decline, so there isn't any reversal pattern so far. In this case, the pair is likely going to test the lower "Window" in the coming hours.


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