EUR/USD: bullish 'Morning Star'

EUR/USD: bullish 'Morning Star'

1207eurusdh4.png

There's a bullish 'Morning Star', which has been formed at the last local low. However, confirmation of this pattern is quite weak. So, if the nearest Moving Averages act as resistance, there'll be a moment for another decline towards the next support at 1.1633.

1207eurusdh1.png

The lower 'Window' acted as support, so there's a 'Doji' pattern. The main intraday target is the closest resistance at 1.1707, which could be a departure point for a decline in the direction of the next support at 1.1633.

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