Analysis 23.03.2015 (EUR/USD)

Japanese Candlesticks Analysis 23.03.2015 (EUR/USD)

FXTM Online Analysis Department.

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a correction within the downtrend. Three Methods pattern provides support. Engulfing Bearish and Harami patterns, along with Three Line Break chart indicate the downtrend; Heiken Ashi candlesticks confirm that the correction continues.

At the H1 chart of EUR USD, Shooting Star pattern indicates that the price may start a bearish pullback. Three Line Break chart and Heiken Ashi candlesticks show an ascending movement.