EUR/USD: bearish "Three Methods" pattern

EUR/USD: bearish "Three Methods" pattern

2019-11-11 • Updated

1903eurusdh4 (2).png

There's a bearish "Three Methods" pattern, so we've got a new local low. At the same time, the last "Hammer" points to an opportunity to have a local upward correction. Nevertheless, if a pullback from the Moving Averages happens, bears will probably try to deliver a new local low.

1903eurusdh1 (2).png

We've got a bullish "Harami", which has been confirmed. In this case, the market is likely going to test the nearest resistance area, which could be a departure point for another decline.



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