EUR/USD: "Evening Doji Star" arrived

EUR/USD: "Evening Doji Star" arrived

2906eurusdh4.png

There's a possible "Engulfing" at the last high. If this pattern confirms, bears are likely going to deliver a local downward correction towards the nearest support area. However, if a pullback from this support happens, there'll be an opportunity to have another upward price movement.

2906eurusdh1.png

We've got an "Evening Doji Star", but confirmation of this pattern isn't enough. So, we could have a correction in the direction of the closest support. Meanwhile, bulls will probably try to deliver a new local high afterwards.

eur

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