EUR/USD Inverted hammer - Trend reversal imminent

Hello traders,

after two weeks of almost free fall, this friday an inverted hammer has formed, which indicates that bulls are awakeing.

Technical: If monday a bullish candlestick will form, then we have a confirmation for the trend reversal.

Fundamentals: Most of the dollar gains throughout these two weeks happened on NY session. The economic calendar for monday indicates a US bank holiday.

If there will be no significant capital moves on the US on monday, the chances for a confirmation trend reversal bullish candlestick to form will be very high.

For short traders, it is definetelly the right time to close open orders and the right moment to buy.