EUR/USD: "Three Methods" pattern

EUR/USD: "Three Methods" pattern


The price has been rising, so there isn't any reversal pattern so far. At the same time, the pair is likely going to test the nearest support level, which could be a departure point for another upward price movement.


The last "Three Methods" pattern pushed the price higher, so we've got a new local high. If any bearish pattern arrives soon, there'll be time for a local downward correction.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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