#EURUSD 8H. Accumulation pattern

24 May 2022

I consider current trading range as an accumulation, since we already have a possible phase C with a Spring event and, even more, we've done a commit above the resistance.

Now we can expect a test of demand near the previous resistance level, which has become a support level. If we'd do it, so we can expect a further up movement.

Let's wait for the next three candles.

27 May 2022

Not

just updated the chart