EUR/USD: bearish 'Three Methods' pattern

EUR/USD: bearish 'Three Methods' pattern

0404eurusdH4 (2).png

The 144 Moving Average is acting as resistance, so there's a bearish 'Three Methods' pattern. In this case, the market is likely going to test the next support area in the coming hours.

0404eurusdH1 (2).png

There's a 'Shooting Star', which has been formed on the 55 Moving Average. However, confirmation of this pattern is quite weak, so the pair is likely going to test the 89 MA, which could be a departure point for another decline.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera