FBS - Analytics


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    EUR/USD: "window" acted as a strong support

    EUR/USD: "window" acted as a strong support

    There's a “Tweezers” pattern at the last low, which has been formed above the nearest “Window” area. So, it’s likely that the price is going to reach the upper “Window”. If we see a pullback from it, then bears will have a chance to return to the market. As we can see on the Daily chart, after a “Harami” and a “Three Black Crows” have been formed, we’ve got series of bearish candles. Despite of there isn’t any reversal pattern, a possibility of local correction is still on the table.

    EUR/USD: "window" acted as a strong support

    We’ve got a flat above the lower “Window”. There’s a “Engulfing Bullish” at the local low, which has been confirmed by the following “Three Methods” pattern. In the short term the market is likely going to taste the “Window” once again and try to achieve the nearest resistance afterwards.

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