EUR/USD: bearish 'Three Methods' pattern

EUR/USD: bearish 'Three Methods' pattern

1705eurusdh4.png

There's a bearish 'Three Methods' pattern, so the market is likely going to test the nearest support area. If any bullish pattern forms little later on, there'll be a moment to have an upward correction towards the Moving Averages.

1705eurusdh1.png

We've got an 'Engulfing' pattern, which has been confirmed. In this case, the pair is likely going to test the lower 'Window' shortly. A pullback from this area could be a departure point for a bullish correction.

eur

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