EUR/USD: 'Three Methods' pushed market lower
The price reached the 144 Moving Average, but there's no any bullish pattern so far. Thus, the price is likely going to test the next support...
EUR/USD: developing "Three Black Crows"
There's a bullish "Engulfing", which has been confirmed by the last "Three Methods" pattern. So, the 34 Moving Average is likely going to act as resistance in the short term. If a pullback from this line happens, we could have another decline soon.
It's likely that there's a developing "Three Black Crows" pattern. If it confirms, bears are likely going to test the closest support area, which could be a departure point for an upward price movement towards the Moving Averages.
Galya Svetlova
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The price is likely going to continue declining towards the 89 & 144 Moving Averages. If a pullback from these lines happens next...
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