EUR/USD: bullish 'Hammer' and 'Tweezers'

Read the article on FBS website

2111eurusdH4.png

The 34 Moving Average has acted as support, so we've got a 'Hammer', which has been confirmed. In this case, after a short break, the pair is likely going to test the closest resistance at 1.1477 within the next few hours.

2111eurusdH1.png

There're bullish patterns such a 'Hammer', a 'Tweezers' and an 'Inverted Hammer', which all have been confirmed. Meanwhile, if a pullback from the nearest resistance at 1.1421 forms next, we should watch the 144 Moving Average as a possible departure point for another bullish price movement.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.