EUR/USD: bearish "Three Methods" pattern

EUR/USD: bearish "Three Methods" pattern

2010eurusdh4-1.png

There are bearish patterns such a "Tweezers" and a "Doji", which both have been confirmed enough. The 21 & 34 Moving Averages are acting as support. Nevertheless, the market is likely going to continue moving down in the short term.

2010eurusdh1-1.png

We've got a bearish "Three Methods" pattern, but the price faced support on the Moving Averages. Therefore, we could have just a local upward correction and another decline afterwards.

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EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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