EUR/USD: bearish "Shooting Star"

EUR/USD: bearish "Shooting Star"

2401eurusdH4 (2).png

There's no any reversal pattern so far, but we could have a local bearish correction in the coming hours. Nevertheless, the market is likely going to continue moving up afterwards.

2401eurusdH1 (2).png

We've got a bearish "Shooting Star", which hasn't been confirmed yet. In this case, the 55 Moving Average is likely going to act as support. A pullback from this line will be a green light for another bullish rally.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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