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    EUR/USD: candlestick analysis

    EUR/USD: candlestick analysis

    There’s a “High Wave” pattern at the local minimum, which has been strongly confirmed. It’s likely that the local correction will continue towards “Window's” support, but then bulls might come back to the market. As we can see on the daily chart, despite of a bearish candle in progress, the upward correction are probably going higher.

    The price formed a new “Window” after a “Harami” pattern has been formed at the last maximum. Moreover, a bearish “Three Methods” has been formed afterwards. It’s likely to see a support by the last “Window” and the following upward movement. 

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