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.



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