EUR/USD: 'Three Methods' led to decline

EUR/USD: 'Three Methods' led to decline

2610eurusdh4.png

There's a bearish 'Three Methods' pattern, which has been confirmed. So, the market is likely going to test the next support at 1.1301 shortly. A pullback from this level could be a starting point for a bullish correction towards the 34 Moving Average.

2610eurusdh1.png

We've got a bearish 'Hanging Man', so the price is declining. The main intraday target is the nearest support at 1.1301. If a pullback from this level happens next, there'll be a moment to have an upward correction.

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