EUR/USD: bearish 'Engulfing' pattern

EUR/USD: bearish 'Engulfing' pattern

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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.

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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).

eur

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