EUR/USD: "Triple Bottom" pattern

2018-02-14 19:00    FBS

EUR/USD: "Triple Bottom" pattern Institution Opinions 1

The main trend is still bullish. Also, there's a "Triple Bottom" pattern, which has been confirmed. So, the market is likely going to test the nearest resistance at 1.2405 - 1.2434 in the short term.

EUR/USD: "Triple Bottom" pattern Institution Opinions 2

There's a confirmed "Double Top" pattern, so the market is likely going to reach the 89 Moving Average in the coming hours. If a pullback from this line happens little later on, there'll be an opportunity to have another upward price movement.

EURPattern

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