EUR/USD: 'Evening Star' pattern

EUR/USD: 'Evening Star' pattern


It's likely that we're going to have an 'Evening Star' pattern, so there's a green light to have a bearish correction towards the Moving Averages. If a pullback from these lines happens next, bulls will probably try to test the next resistance at 1.1456.


There're bearish patterns such a 'High Wave' and a 'Harami', which both have been confirmed. At the same time, the lower 'Window' could act as support. If this happens, the price is likely going to test the nearest resistance at 1.1428 once again.



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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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