FBS Markets Inc.

EUR/USD: "Three Black Crows" pattern

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2501eurusdH4 (1).png

There're a "High Wave" and a "Harami" patterns, which have been formed at the last high. Therefore, the price is likely going to test the 21 Moving Average, which could be a departure point for another bullish price movement.

2501eurusdH1 (1).png

We've got a "Three Black Crows" pattern, which has been confirmed. In this case, we should keep an eye on the 55 Moving Average as an intraday bearish target.

FBS Analyst Team

FBS Analyst Team

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