EUR/USD: 'Three Methods' pattern

EUR/USD: 'Three Methods' pattern


There's a bearish 'Three Methods' pattern, but we've also got here a bullish 'Inverted Hammer', so the market is likely going to test the upper 'Window' (1.1329) in the coming hours. The subsequent pullback from this level could lead to a decline towards the next support at 1.1257.


The last bullish 'Hammer' has been confirmed, so it's likely that the pair is going to reach the previously tested resistance at 1.1329 during the day. Even so, we should keep watching the closest support at 1.1257 as the next bearish target.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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