Resistance: 1.2983 moderate/1.3036 minor/1.3082 minor

Support: 1.2937 strong/1.2884 moderate/1.2838 minor

EURUSD is generally bullish with the Bearish Harami occurring near a strong support level at 1.2937, the Pivot Point. As such it would be best to consider shorting only if we have a close below 1.2937 with a stop loss above the candlestick patterns high. Price target for any subsequent sell-off will be at 1.2884, possibly on to 1.2838 if the former gives way.


USDCAD Bullish Harami Hourly Chart


Resistance: 0.9781 moderate/0.9801 minor/0.9834 minor

Support: 0.9748 strong/0.9728 moderate/0.9695 minor

Overall bias in USDCAD is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 0.9781 as the immediate target, possibly further on to 0.9801. A stop loss should be placed below 0.9748, the Pivot Point. The prudent course of action is to look for a confirming big white candlestick first before buying.

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