EUR/USD: bullish 'Three Methods'

EUR/USD: bullish 'Three Methods'

0706eurusdh4 (1).png

There's a bullish 'Three Methods', so the pair is rising. However, the 89 Moving Average acted as resistance, which means there's an opportunity to have a downward correction. Even so, if a pullback from the nearest support at 1.1764 happens next, there'll be a moment to have another bullish price movement.

0706eurusdh1 (1).png

We've got a bearish 'Harami', but confirmation of this pattern is quite weak. So, the nearest resistance at 1.1833 is likely going to be tested once again. A pullback from this level could be a starting point for a decline towards the closest support at 1.1764.

eur

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