EUR/USD: "Three Methods" pattern in the bear's clutches
There’s a “Shooting Star” on the last “Window”, which has been confirmed. Therefore, the market is likely going to falling down towards the next “Window”. As we can see on the Daily chart, there’s a possible “Three Methods” pattern, so today’s candle is probably going to be black.
The pair has been declining since a “Harami” arrived on the 34 Moving Average. The last candles are bearish, but here’s a possible “Hammer” at the local low. So, an upward correction becomes possible. However, this pattern is required a confirmation. If a pullback from the 21 Moving Average happens afterwards, there’ll be an opportunity to get a new low.