EUR/USD: no any reversal pattern

EUR/USD: no any reversal pattern

1104eurusdH4 (3).png

There's still no any reversal pattern. At the same time, the last 'Three Methods' pattern is still on the table. In this case, the pair is likely going to test the nearest resistance, which could be a departure point for a downward correction.

1104eurusdH1 (3).png

We've got a bearish 'Doji', which hasn't been confirmed. So, the market is likely going to break the last high soon. However, if any bearish pattern forms afterwards, there'll be time for a bearish correction towards the Moving Averages.



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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