EUR/USD: bullish "Three Methods" pattern

EUR/USD: bullish "Three Methods" pattern

1807eurusdh4-1.png

There's a bullish "Engulfing" pattern, which has been confirmed, so the price reached the nearest resistance level. However, we don't have any reversal pattern so far, which means bulls are likely going to continue pushing the price higher.

1807eurusdh1-1.png

We've got a bullish "Three Methods" pattern, so the price is rising. At the same time, there's an opportunity to have a local decline towards the nearest support. If we see a pullback from this level, bulls will be free to move on.

eur

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