EURUSD Three Inside Down Hourly Chart

Resistance: 1.3045 moderate/1.3121 minor/1.3184 minor 

Support: 1.2982 strong/1.2905 moderate/1.2843 minor

EURUSD is generally bullish with a high level bearish reversal pattern Three Inside Down in Hourly charts just above a strong support level at 1.2982, the Pivot Point. Look to sell on a push under 1.2982 with stop losses just above the Three Inside Down high. Our immediate objective is 1.2905 break of which may see us dropping to 1.2843.


AUDUSD Three Inside Down Hourly Chart

Resistance: 1.0542 minor/1.0603 minor 

Support: 1.0489 moderate/1.0428 strong/1.0374 moderate

Three Inside Down is just above a moderate support at 1.0489 with AUDUSD Hourly charts generally bullish. Given that this is a high level bearish reversal pattern consider shorts only when prices are under 1.0489 the immediate objective a strong support at 1.0428, the daily Pivot. Stop losses should be placed above the patterns high. A break of 1.0428 could see us moving to 1.0374.


USDCHF Three Inside Up Hourly Chart

Resistance: 0.9317 strong/0.9371 moderate/0.9410 minor 

Support: 0.9277 moderate/0.9223 minor/0.9184 minor

USDCHF has a bearish bias though Hourly charts has formed a bullish reversal pattern Three Inside Up. With a strong resistance at 0.9317, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 0.9317 before buying. Immediate target is 0.9371 then on to 0.9410. Stops should be placed below the patterns low.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices