EUR/USD: "Window" acting as support

EUR/USD: "Window" acting as support

2019-11-11 • Updated

EUR/USD: "Window" acting as support

The lower “Window” is acting as a support, so there’s a developing “Three Methods” pattern. If it confirms, the market is likely going to reach the next resistance. If we any bearish pattern afterwards, there’ll be an opportunity to have a downward correction.

EUR/USD: "Window" acting as support

There’s a local correction, which is taking place on the one-hour chart. So, we’ve got a “Tweezers” at the last high. In this case, bears are likely going to test the nearest “Window”, which could be a departure point for another bullish rally. 


EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

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