EUR/USD: bullish "Tweezers"

Read the article on FBS website

2905eurusdh4.png

There's a consolidation, which is taking place on the four-hours chart. Also, we've got a bullish "Tweezers", but this pattern hasn't been confirmed yet. In this case, the current correction is likely going to be continued.

2905eurusdh1.png

We've got a bullish "Tweezers" at the last local low. Also, there's a "Shooting Star" on the 55 Moving Average. Therefore, the 89 Moving Average is likely going to act as support shortly. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.

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.