EUR/USD: two bullish 'Hammer' patterns in a row

EUR/USD: two bullish 'Hammer' patterns in a row

2404eurusdH4.png

The last bearish 'Three Methods' pattern pushed the price lower. Also, there's a bullish 'Hammer', but this pattern hasn't been confirmed. Therefore, the market is likely going to test the next support area.

2404eurusdH1.png

There're two bullish 'Hammer' patterns in a row so that we could have a local upward correction. Even so, the pair is likely going to test the nearest support little later on.

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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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