Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
EUR/USD: developing 'Three Methods' pattern
Information is not investment advice
It seems like there's a developing bullish 'Three Methods' pattern. Also, the 55 Moving Average is acting as resistance. In this case, the pair is likely going to reach the next resistance at 1.1434 in the coming days. The subsequent pullback from this level could be a departure point for another decline towards the previously tested support at 1.1231.
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