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    EUR/USD: candlestick analysis

    EUR/USD: candlestick analysis

    There’re a “Three Methods” at the last low under the “Window”, which resistance is a still actual. It’s likely that the downward movement will go on towards a support line. As we can see on the daily chart, all the last candles are bearish and there aren’t any reversal patterns so far.

    EUR/USD: candlestick analysis

    We’ve got a “Inverted Hummer” at the last low, afterwards the correction was developing until a “Shooting Star” has been formed. The market has a lot of bearish pressure, so no one reversal pattern has been arrived yet. It’s likely to see the ending of current correction and the following downward rally.


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