EUR/USD: new high coming soon

Read the article on FBS website

1705eurusdh4.png

The market has been rising since the lower "Window" acted as support. However, there's a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the next resistance level in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a downward correction.

1705eurusdh1.png

There's a bullish "Inverted Hammer", which has confirmation, so the price is consolidating. In this case, we're about to have a new local high, so it turns out that the price is going to rise until another bearish pattern forms.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.