EUR/USD Technical Analysis

• EUR/USD has formed a dragonfly Doji pattern
• We should see bulls getting stronger
• The CPI data could be decisive for next move on the EUR/USD
• Higher bullish momentum happens if the resistance breaks

Daily Chart EUR/USD

1. The Daily chart shows a possible bounce due to various confluence points.
2. We can also spot SHS pattern ( Bearish Shoulder Head Shoulder) formation and we could see a move up
3. There is a historical support where the price has already bounced
4. The dragonfly Doji pattern is showing bullish momentum
5. Additional bullish momentum comes if the blue level breaks along with the descending price trendline