EUR/USD: "Three Methods" pushed price higher

EUR/USD: "Three Methods" pushed price higher

1812eurusdh4 (1).png

There's a "Piercing Line", which has been broken. So, the market is likely going to continue moving up towards the nearest resistance area.

1812eurusdh1 (1).png

The last "Three Methods" pattern pushed the price higher. At the same time, there's a bearish "Doji", so we could have a local correction in the short term. Anyway, bulls are likely going to test the upper "Window" afterwards.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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