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    EUR/USD: candlestick analysis

    EUR/USD: candlestick analysis

    The market has been declining since a reversal “Shooting Star” was formed at the last high. It’s likely that the price is going to achieve an area between the “Window” and Moving Average lines. There's a “Harami” on the Daily chart, so bears are probably in a way to the nearest support line.

    EUR/USD: candlestick analysis

    As we can see on the one-hour chart, there’re some bearish patterns like a “Tweezers”, a “Tower” and an “Engulfing Bearish”. The last candles are also bearish, so the current downward movement is likely going to Moving Average lines.


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