EUR/USD: "Inverted Hammer" pattern

EUR/USD: "Inverted Hammer" pattern

0103eurusdH4 (4).png

There's an "Inverted Hammer", which hasn't been confirmed yet. So, the price is likely going to test the 21 Moving Average, which could be a departure point for another decline.

0103eurusdH1 (4).png

We've got a "Shooting Star", which has formed at the last local high. In this case, the pair is likely going to reach the nearest support area. If any bullish pattern forms little later on, there'll be a moment for an upward correction.



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.


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