EUR/USD: "Tower" and "High Wave" patterns

Read the article on FBS website

1906eurusdh4.png

The last "Tower" and "High Wave" patterns led to the current upward price movement. It seems like the market is likely going to rise even higher in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a decline towards the nearest support.

1906eurusdh1.png

The price is consolidating along the "Window". Also, there's a bullish "Three Methods", which hasn't been confirmed yet. Therefore, the market is likely going to continue moving up during the day.

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.