EUR/USD: bearish 'Three Methods' pattern

EUR/USD: bearish 'Three Methods' pattern

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There's a bearish 'Three Methods' pattern, so the pair is likely going to test the next support pretty soon. If a pullback from this area happens little later on, there'll be an opportunity to have a bullish correction.

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There're bullish patterns such a 'Hammer' and a 'Harami', which both have been confirmed. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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