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    EUR/USD: candlestick analysis

    EUR/USD: candlestick analysis

    There’s a “Doji” at the last high. The “Tweezers” pattern's support is still actual and If bulls take over and the price starts rising from this level, then it's likely that the pair will continue the current up-trend. As we can see on the daily chart, here's a “Shooting Star” pattern and if it confirms, the correction is going to be deeper.

    EUR/USD: candlestick analysis

    The main trend on the one-hour chart is a bullish one and there’s a reversal “Engulfing Bearish” pattern at the last maximum. A “Three Methods” pattern was a trigger for more selling pressure. It’s likely that the “Three Methods” pattern will be used as a resistance level.


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