EUR/USD: bullish 'Three Methods' pattern

EUR/USD: bullish 'Three Methods' pattern


There's a bullish 'Three Methods' pattern, so the pair is rising. The main target is the previously tested resistance at 1.1466. The subsequent pullback from this level could lead to a decline towards the nearest support at 1.1369.


The Moving Averages acted as support, which led to forming a 'Three Methods' pattern. It's likely that the pair is going to test the closest resistance at 1.1466 in the coming hours. If a pullback from this level arrives next, we could face with a local decline.



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