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    EUR/USD: candlestick analysis

    EUR/USD: candlestick analysis

    The price faced a support at the last “Window” zone, where a “Hammer” was formed previously. It’s likely to see an upward correction towards the level of “Three Methods” pattern and continue the main bearish trend afterwards. As we can see on the daily chart, there’s a possible ending of “Thrusting Line” pattern, so the market can go lower to the nearest support line.

    EUR/USD: candlestick analysis

    There’s an “Inverted Hammer” at the last low, which entered the price into an upward correction. It’s likely that the price will find a resistance on the 34 Moving Average. Also, here’s a possibility to see a bearish reversal pattern on this line.

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