EUR/USD: bullish 'Engulfing'

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There's a bullish 'Engulfing', which has been confirmed enough. So, the pair is likely going to reach the nearest resistance at 1.1622, which could be a departure point for another decline.

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The price has been rising since the last 'Hammer' was formed. Bulls have reached the 55 Moving Average, but there's no any reversal pattern so far. In this case, we should keep an eye on the 89 MA as the next target.

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