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    EUR/USD: "Crows" set up a bearish correction

    EUR/USD: "Black Crows" set up a bearish correction

    There’re a “Doji” and “Engulfing” at the last high, so it’s likely possible to see a deeper downward correction to the nearest support line. As we can see on the Daily chart, reversal patterns such as a “Deliberation” and a “High Wave” haven’t been confirmed yet.

    EUR/USD: "Black Crows" set up a bearish correction

    We’ve got a flat correction in progress, which brought an “Engulfing” and a “Three Black Crows”. Considering there’s a “Three Methods” pattern, the current correction is likely going to be continued towards the nearest Moving Average until any bullish pattern arrives.

     

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