FBS - Analytics

    FBS

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    EUR/USD: "Tweezers" has stopped bearish rally. Likely, for a while.

    EUR/USD: "Tweezers" has stopped bearish rally. Likely, for a while.

    There’re a “Tweezers” and a “Hammer” at the local low, which both have been confirmed. So, the market is likely going to take through the “Window” paces once again. If a pullback happens afterwards, bears will probably try to move on. As we can see on the Daily chart, the price has reached the 89 Moving Average. Also, there’s a possible “Tweezers” pattern in progress. If it confirms, an upward correction becomes possible.

    EUR/USD: "Tweezers" has stopped bearish rally. Likely, for a while.

    The pair has been falling down since a “Harami” arrived at the local high. However, we’ve got a “Tower” and a “Tweezers” at the last low, so the price is likely going to get a resistance on the 34 or 55 Moving Average lines. If so, the market is probably going to decline until new bullish patterns form.


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