EUR/USD: "Harami" and "Three Methods"

EUR/USD: "Harami" and "Three Methods"

2208eurusdh4-1.png

We've got a bearish "Harami", which has been confirmed, so the market is likely going to test the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.

2208eurusdh1-1.png

There are bearish patterns such a "Harami" and a "Three Methods". So, the price is likely going to decline in the coming hours. If any bullish pattern arrives afterwards, bulls will probably try to deliver a new local high.

eur

Similar

GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...

gbp

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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