EUR/USD: bullish "Three Methods"

EUR/USD: bullish "Three Methods"


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.


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.



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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