EUR/USD: candlestick analysis
There’re a “Three Methods” at the last low and a strong support by the “Window”, which are likely going to be broken by the downward movement. As we can see on the daily chart, there aren’t any reversal patterns so far. Although we’ve got a “Hummer”, but it needs a confirmation.
We’ve got a “Window” and a “Three Methods” on the one-hour chart, which were arrived after a “Engulfing Bearish” pattern had been formed. The last candles are bearish and it’s likely to see a new “Three Methods” pattern soon. As far as we haven’t got any reversal patterns, there’s a serious possibility for more selling pressure.