EUR/USD: bearish 'Three Methods' pattern

EUR/USD: bearish 'Three Methods' pattern

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There's a bearish 'Three Methods', so the price is declining. Considering that there's no any reversal pattern so far, the market is likely going to test the next support area in the short term.

2905eurusdh1 (1).png

The price has been declining since the last 'Evening Star' was formed on the 55 Moving Average. At the same time, we've got a bullish 'High Wave', so there's an opportunity to have a local upward correction during the day.



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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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