EUR/USD: bearish "Three Methods" pattern

EUR/USD: bearish "Three Methods" pattern

2007eurusdh4-1.png

The last "Shooting Star" pattern has been confirmed, so the pair is likely going to test the 34 Moving Average. If any bullish pattern forms afterwards, there'll be an opportunity to have another upward price movement.

2007eurusdh1-1.png

We've got a bearish "Three Methods" pattern, so we should keep in mind the 55 Moving Average as an intraday target. However, we could have a local upward correction later on.

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