EUR/USD: 'Harami' pattern led to decline

2018-11-09 01:03    FBS

EUR/USD: 'Harami' pattern led to decline Institution Opinions 1

The pair is declining because of the last 'Harami' pattern, so we should watch the nearest support at 1.1383 as an intraday target. A pullback from this level could lead to an upward price movement towards the closest resistance at 1.1449.

EUR/USD: 'Harami' pattern led to decline Institution Opinions 2

We've got a bearish 'Three Methods', which has been confirmed. Also, there's no any reversal pattern so far, which means the pair is likely going to test the lower 'Window' (1.1383) shortly. If a pullback from this level happens next, there'll be a moment to have a bullish correction.

EURPattern

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