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.



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