Resistance: 1.2265 strong/1.2341 moderate/1.2394 minor

Support: 1.2212 moderate/1.2136 minor/1.2083 minor

Market bias for EURUSD is bearish with prices under a strong resistance level at 1.2265 the Pivot Point. Given that Bullish Harami is a low level bullish reversal pattern it is necessary to look for a close above the strong resistance first before taking action. Immediate objective when taking a buy should be a push for 1.2341 break of which opens 1.2394, a stop loss should be placed below the patterns low.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices