EUR/USD: bearish 'Three Methods' pattern

EUR/USD: bearish 'Three Methods' pattern


There's a bearish 'Three Methods' pattern, which pushed the price lower. In this case, we should keep on track the nearest support at 1.1530 as a possible starting point for an upward correction towards 1.1663.


We've got a bullish 'Harami', but this pattern remains unconfirmed. So, the price is likely going to test the upper 'Window' soon. If we have a pullback from this level next, there'll be an opportunity for another decline towards 1.1503.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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