EUR/USD: bearish "Three Methods" pattern

Read the article on FBS website

1903eurusdh4 (2).png

There's a bearish "Three Methods" pattern, so we've got a new local low. At the same time, the last "Hammer" points to an opportunity to have a local upward correction. Nevertheless, if a pullback from the Moving Averages happens, bears will probably try to deliver a new local low.

1903eurusdh1 (2).png

We've got a bullish "Harami", which has been confirmed. In this case, the market is likely going to test the nearest resistance area, which could be a departure point for another decline.

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.