EUR/USD: 'Three Methods' still in play

EUR/USD: 'Three Methods' still in play

0211eurusdh4.png

The last 'Three Methods' pattern pushed the pair higher. It's likely that the price is going to test the 89 Moving Average (1.1480) within the next few hours. If a pullback from this line happens next, there'll be an open door for a downward correction.

0211eurusdh1.png

There's a 'Harami' pattern, which has been formed on the lower 'Window'. At the same time, we should keep an eye on the 144 Moving Average (1.1423), which could act as support. The following pullback from this line could lead to another bullish price movement.

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