EUR/USD: bullish 'Three Methods' pattern

EUR/USD: bullish 'Three Methods' pattern


The 89 Moving Average is acting as resistance, but it's likely that we're going to have a bullish 'Three Methods' pattern. In this case, we should watch the next resistance at 1.1433 as an intraday target. If a pullback from this level forms next, there'll be an opportunity to have a decline towards the lower 'Window'.


The last 'Shooting Star' led to the current consolidation. At the same time, there's a bullish 'High Wave', which has been formed above the Moving Averages. Thus, the market is likely going to test another resistance at 1.1433 within the next few hours.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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