EUR/USD: bullish "Inverted Hammer"

EUR/USD: bullish "Inverted Hammer"


The bearish correction is still developing, so there isn't any bullish pattern so far. In this case, the market is likely going to continue declining towards the nearest "Window".


We've got an "Inverted Hammer" at the last low, but confirmation of this pattern is a quite weak. Therefore, we could have a local upward correction and another decline afterwards.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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