EUR/USD: two "Tweezers" patterns in a row

EUR/USD: two "Tweezers" patterns in a row

0307eurusdh4-1.png

We've got bearish patterns such a "Tweezers" and an "Engulfing", which both have been confirmed enough. Also, there's a bearish "Three Methods", so the market is likely going to test the lower "Window" in the short term.

0307eurusdh1-1.png

There're two "Tweezers" patterns in a row, so the price is declining. Bears have reached the 55 Moving Average, but there isn't any reversal pattern so far. Therefore, the pair is likely going to continue moving down towards the 89 MA.

eur

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GBP/USD: "V-Top" pattern

We're likely going to have a downward correction. It's likely that bears are going to test the closest support at 1.4066 during the day...

gbp

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