EUR/USD: "Shooting Star" pattern

Read the article on FBS website

0308eurusdh4-1.png

We've got a "Shooting Star" pattern, which hasn't been confirmed yet. So, we could have just a local bearish correction towards the last "Three Methods" pattern. However, bulls will probably try to deliver a new high afterwards.

0308eurusdh1-1.png

There's a local bullish "Hammer", so the price is likely going to test the nearest resistance. If a pullback from this level happens, bears will have a green light to test the 89 Moving Average.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.