EUR/USD: "Three Methods" acted as support

EUR/USD: "Three Methods" acted as support

0501eurusdH4.png

The last "Three Methods" pattern acted as support, so the price is consolidating. It's likely that the market is going to continue moving up until any bearish pattern arrives.

0501eurusdH1.png

There's a "Piercing Line", which has been formed on the 34 Moving Average. However, confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the 55 MA, which could be a departure point for another upward price movement.

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