EUR/USD: 'Three Methods' pattern

EUR/USD: 'Three Methods' pattern

2208eurusdh4.png

There's a 'Three Methods', so the price is rising. It's likely that the price is going to test the 144 Moving Average. A pullback from this line could be a starting point for a downward correction.

2208eurusdh1.png

We've got an 'Inverted Hammer', so the price is likely going to reach the upper 'Window'. If a pullback from this level happens next, we're going to have a decline in the direction of the next support at 1.1493.

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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