EUR/USD currency pair is declining further after a slight rollback. Earlier on a 4-hour graph the EUR/USD has formed candlestick combination Falling Three Methods, indicating downside movement.
This candlestick combination shows that the currency pair had been demonstrating upside movement for several weeks. However, near the resistance level 1.3852 (3-month high) the bears started to increase their influence and a rebound took place.
Downside movement is supported by the MACD divergence and Evening Star and Bearish Engulfing candlestick combinations on the day graph...Full Forex News at:
http://www.forexsq.com/eur-to-usd/forex-eurusd-candlestick-analysis-feb-15-forexsq/
ForexSQ
This candlestick combination shows that the currency pair had been demonstrating upside movement for several weeks. However, near the resistance level 1.3852 (3-month high) the bears started to increase their influence and a rebound took place.
Downside movement is supported by the MACD divergence and Evening Star and Bearish Engulfing candlestick combinations on the day graph...Full Forex News at:
http://www.forexsq.com/eur-to-usd/forex-eurusd-candlestick-analysis-feb-15-forexsq/
ForexSQ