EUR/USD: another 'Three Methods' pattern

EUR/USD: another 'Three Methods' pattern

1912eurusdh4.png

There's another 'Three Methods' pattern, so the price is rising. It's likely that the pair is going to test the nearest resistance at 1.1422 shortly. The subsequent pullback from this level could lead to a decline towards the previously tested support at 1.1355.

1912eurusdh1.png

The price is rising because of the last 'Three Methods', which has been formed in a range of the 'Window'. If a pullback from the closest resistance (1.1422) forms next, bears will probably try to achieve the Moving Averagas near 1.1355.

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