FX.co ★ EUR/USD

For the EUR/USD pair, on Friday we closed below the high of 1.1387. The price closed at 1.1383. As a result, a bullish pattern for an upside move did not form. Because of this, most likely from the market open on Monday the pair will move down toward the lows at 1.1353, 1.1333, 1.1324. In order to form a bullish pattern for an upside move on Monday, the pair needs not only to rise above the high of 1.1433, but also to close the daily candle above this high. Only then will it be possible to form a bullish pattern for an upside move and create potential for a medium-term price increase. For now, the downtrend continues, and the pair will most likely keep moving toward southern targets.