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    EUR/USD: candlestick analysis

    EUR/USD: candlestick analysis

    There’re a couple of “Three Methods” patterns under the last “Window”, which obviously a strong support level. Also, on the four-hour chart we can find a “Hummer”. It’s likely that the upward correction will go on, which can bring new bullish candles. As we can see on the daily chart, here’s a couple of “High Waves”, but they haven’t confirmed yet.

    EUR/USD: candlestick analysis

    Let’s have a look at the EUR/USD one-hour chart. There’s a flat and a “Hanging Man” with a “Three Black Crows” have been formed at the last high. Considering the fact that all last candles are bearish, it's likely to see the next steps of downward movement towards a support line.

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