EUR/USD: bears relaxing in a flat
12/26/2016
We’ve got a “Shooting Star”, but a confirmation of this pattern is a quite weak. So, the nearest “Three Methods” is likely going to act as a support. As we can see on the Daily chart, here’s a “High Wave”, so bulls will probably try to move on.
The price is still consolidating on the one-hour chart. Also, the 89 Moving Average is acting as a resistance, so we’ve got an “Engulfing” pattern. In this case, the pair is likely going to continue moving up and down in a flat range.
More:
https://new.fxbazooka.com/analytics/11846