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    EUR/USD: "Three Methods" indicates a path

    EUR/USD: "Three Methods" indicates a path

    The pair has been rising and we've got a possible “Three Methods” pattern in progress. At the same time, it’s a likely possible to see a bearish pattern at the nearest resistance line. If so, a local downwards correction is going to begin. As we can see on the Daily chart, yesterday’s candle closed above the 144 Moving Average, so today's candle is likely going to end at the nearby resistance line.

    EUR/USD: "Three Methods" indicates a path

    We've got a bullish movement on the one-hour chart. The 13 Moving Average acts as a support, which brought a pullback a couple of hour ago. Yesterday's “Harami” pattern wasn’t confirmed, so bulls have an opportunity to continue their rally until any bearish pattern arrives.

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