EUR/USD: 'Three Methods' pattern

EUR/USD: 'Three Methods' pattern

2808eurusdh4.png

There's still no any reversal pattern so far. At the same time, we've got a 'Three Methods' pattern, so the price is likely going to test the next resistance at 1.1756, which could be a departure point for a downward correction.

2808eurusdh1.png

We've got a 'Hammer', which has been confirmed. In this case, we should keep an eye on the nearest resistance at 1.1756 as the next bullish target.

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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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