EUR/USD: bearish "Three Methods"

Read the article on FBS website

EUR/USD: bearish

The pair has been declining since a “Harami” was formed at the last high. Also, there’s a developing “Three Methods” pattern. If the 89 Moving Average acts as a resistance, the market is likely going to test the lower “Window”, which could be a departure point for an upward correction.

 

EUR/USD: bearish

The price found a lodgement under the upper “Window”. Moreover, there’s a bearish “Shooting Star”, but this pattern hasn’t been confirmed yet. So, the lower “Window” is likely going to act as a support soon.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.