STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
EUR/USD: no any reversal pattern so far
The last bearish 'Harami' led to form a new local low. At the same time, it's likely to have a local upward correction within the next few hours. So, we should keep on track the nearest resistance at 1.1437 as a possible departure point for another decline towards 1.1336.
There's still no any reversal pattern so far. However, if a pullback from the closest support at 1.1370 happens next, there'll be time for a bullish correction. In this case, the price could test the nearest important resistance at 1.1437.
Galya Svetlova
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STOCKS: reversal chart patterns
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