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    EUR/USD: candlestick analysis

    EUR/USD: candlestick analysis

    There’re an “Engulfing Bearish” and a “Three Black Crows” patterns under the “Window”. Also, at the last low we can find a “Tweezers”, so the market likely is going to an upward correction towards the nearest resistance line. As we can see on the daily chart, here’s a possible “Thrusting Line”, which could be a sign for more bearish pressure.

    EUR/USD: candlestick analysis

    We’ve got an upward correction on the one-hour chart. There’s a “Tweezers” and a “Three Methods” at the last low. It's likely to see a bearish pattern on the 34 Moving Average line and the downward movement afterwards.

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