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    FBS

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    EUR/USD: bears with the "Two Black Crows" pushing the price down

    EUR/USD: bears with the "Two Black Crows" pushing the price down

    There’s a “Hanging Man” at the local high, which has been confirmed. We haven’t got any reversal patterns so far and that makes bears absolutely free to reach the nearest support line in the short term. As we can see on the Daily chart, there’re a “Doji” and a “Two Black Crows” at the last maximum, so the market is likely going to get a support on the 34 & 55 Moving Average lines.

    EUR/USD: bears with the "Two Black Crows" pushing the price down

    We’ve got a “Harami” and a “Hanging Man” on the upper “Window”, which both have been strongly confirmed by the current decline. Under this circumstances, bears are likely going to move on until any reversal bullish pattern arrives. 


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