EUR/USD: lower 'Window' acted as support

EUR/USD: lower 'Window' acted as support

3003eurusdh4 (4).png

There's an 'Inverted Hammer', which has been confirmed. So, the market is likely going to test the nearest resistance area, which could be a departure point for another decline.

3003eurusdh1 (4).png

The lower 'Window' acted as support, so there's a developing upward correction. Also, we've got a bullish 'Three Methods' pattern, so the pair is likely going to reach the closest resistance area in the coming hours.



Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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