EUR/USD: market to test nearest resistance area

There's a bullish 'Tower', which hasn't been confirmed yet. So, the market is likely going to test the nearest resistance area, which could be a starting point for another decline.

We've got bullish patterns such a 'High Wave' and a 'Harami', which both have confirmation. At the same time, there's a 'Hanging Man', so there's an opportunity to have a local downward correction. Nevertheless, the market is likely going to test the upper 'Window' afterwards.

Galya Svetlova

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Latest news

02.02.2018 13:07 EUR/USD: "Tweezers" on 34 Moving Average

There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...

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GBP/JPY reversed from resistance zone Next sell target - 149…

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01.05.2018 11:00 EUR/USD: no any reversal pattern so far

If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...

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