EUR/USD: bearish 'Engulfing' pattern

EUR/USD: bearish 'Engulfing' pattern


There's a bearish 'Engulfing', which hasn't been confirmed yet. So, it's time for a local downward correction. Anyway, the market is likely going to test the next resistance at 1.1662 little later on.


We've got a 'Shooting Star', which has been confirmed enough. Therefore, the price is likely going to achieve another support at 1.1557 shortly. A pullback from this level could be a departure point for a bullish rally towards the upper 'Window' (1.1662).



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

Deposit with your local payment systems

Learn more


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera