20.03.2015 EUR/USD

Japanese Candlesticks Analysis 20.03.2015 EUR/USD

FXTM Online Analysis Department

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, a correction within the downtrend continues. Evening Star pattern indicates a descending movement. Three Methods pattern provides support. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm that the correction continues.

The H1 chart of EUR USD shows a descending movement, which is indicated by Shooting Star, Engulfing Bearish, and Three Black Crows patterns. Bullish Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that an ascending correction continues.