EUR/USD: "Window" acting as support

Read the article on FBS website

EUR/USD:

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:

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. 

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.