EUR/USD: bullish 'Three Methods' pattern

EUR/USD: bullish 'Three Methods' pattern

2812eurusdh4.png

There's a bullish 'Three Methods' pattern, so the pair is likely going to test the next resistance at 1.1495 shortly. However, if any bearish pattern arrives little later on, there'll be a moment to have a decline towards the nearest support at 1.1395.

2812eurusdh1.png

The pair has been rising since the last 'Doji' pattern formed. The main intraday target is the closest resistance at 1.1495, which could be a starting point for a decline in the direction of the Moving Averages and the lower 'Window'.

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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