EUR/USD: developing upward correction

EUR/USD: developing upward correction

3105eurusdh4 (1).png

There's a developing upward correction. Also, we've got a 'Three Methods' pattern, so the market is likely going to test the 55 Moving Average. A pullback from this line could be a departure point for another decline.

3105eurusdh1 (1).png

The market went through all the Moving Averages. So, it's likely that the pair is going to test the lower 'Window" soon. If a pullback from this level happens little later on, bulls will probably try to test the upper 'Window'.



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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