EUR/USD: "Window" acting as support

EUR/USD: "Window" acting as support

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. 



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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