EUR/USD: bearish "Shooting Star"

EUR/USD: bearish "Shooting Star"

2009eurusdh4.png

There's a reversal "Doji" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have another upward price movement.

2009eurusdh1.png

We've got a bearish "Shooting Star", but confirmation of this pattern is quite weak. So, we should keep an eye on 55 Moving Average as an intraday target. If this MA acts as support, bulls are likely going to deliver a new local high.

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