EUR/USD: 'Harami' pattern led to decline

Read the article on FBS website

0811eurusdH4.png

The pair is declining because of the last 'Harami' pattern, so we should watch the nearest support at 1.1383 as an intraday target. A pullback from this level could lead to an upward price movement towards the closest resistance at 1.1449.

0811eurusdH1.png

We've got a bearish 'Three Methods', which has been confirmed. Also, there's no any reversal pattern so far, which means the pair is likely going to test the lower 'Window' (1.1383) shortly. If a pullback from this level happens next, there'll be a moment to have a bullish correction.

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.