EUR/USD: 'Three Methods' pushed market lower

EUR/USD: 'Three Methods' pushed market lower

1501eurusdH4.png

The last 'Three Methods' pattern pushed the market lower. The price reached the 144 Moving Average, but there's no any bullish pattern so far. Thus, the price is likely going to test the next support at 1.1398, which could be a departure point for another bullish rally.

1501eurusdH1.png

There's a bearish 'Shooting Star', which led to the current decline. It's likely that the market is going to test the nearest resistance at 1.1455. If a pullback from this level happens little later on, bears will probably try to reach the lower 'Window' (1.1398).

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