EUR/USD: 'Three Methods' led to decline

EUR/USD: 'Three Methods' led to decline

0210eurusdh4.png

There's a bearish 'Three Methods', which pushed the price lower. Also, we've got no any reversal pattern so far. In this case, after a short break, the pair is likely going to reach the next support at 1.1433.

0210eurusdh1.png

The market has been declining since the last bearish 'Harami' formed. Meanwhile, it's likely to have a local correction during the day. So, a pullback from the nearest resistance at 1.1544 could be a starting point for another decline.

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