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Apr 26 - 04:55 AM

EUR/USD - 'Bearish Engulfing' Pattern Appears On The Daily Chart

By Martin Miller  —  Apr 26 - 02:35 AM
  • A bearish "engulfing pattern" has formed on a daily chart

  • A white body that is contained with the following larger black candlestick

  • Could be the sign of an impending bigger reversal lower in coming sessions

  • An element of caution is advised, however, as 14-day momentum is positive

  • Previous update nL1N36S0F6. EUR/USD Trader TGM2334

Refinitiv IFR Research/Market Commentary


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