FBS - Analytics


    555.25 6.00/10
    84% of positive reviews

    EUR/USD: "window" stopped the bearish rally

    EUR/USD: "window" stopped the bearish rally

    There’s a “Three Methods” pattern at the last low, but it’s very likely to see a support on the upper side of nearest “Window” and the 55 Moving Average line. As we can see on the Daily chart, the last candles are bearish. Previously, a «Harami» and a «Three Black Crows» have been formed at the local high. So, the downward movement is likely going to be deeper until any bullish pattern forms.

    EUR/USD: "window" stopped the bearish rally

    We’ve got a bearish movement on the one-hour chart. The price has been declining under the Moving Average lines and reached the nearest “Window”, which can act as a support and bring any kind of bullish pattern. Therefore, the market is likely going to achieve the Moving Average, but if we see a pullback from any of these lines, then bears will have a chance to taste the “Window” once again.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree