EUR/USD: 'Three Methods' pattern

EUR/USD: 'Three Methods' pattern

0309eurusdh4.png

There's a 'Three Methods' pattern, which has been confirmed. So, the market is likely going to test the nearest support at 1.1560. A pullback from this level could lead to an upward correction.

0309eurusdh1.png

We've got a 'High Wave', which has a weak confirmation. In this case, the market is likely going to reach the closest support at 1.1587, which could be a departure point for a bullish price movement towards the 55 Moving Average.

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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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