EUR/USD: bullish "Three Methods"

EUR/USD: bullish "Three Methods"

2909eurusdh4.png

The last "Inverted Hammer" and "Engulfing" patterns led to the current bullish price movement. Also, there's a "Three Methods", so we could have the price even higher. However, if a pullback from the nearest resistance happens little later on, we could have another decline.

2909eurusdh1.png

There's a bullish "Three Methods", which has been confirmed. So, the 89 Moving Average is likely going to act as resistance in the coming hours.

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