EUR/USD: another pullback from 144 MA
We've got a 'Shooting Star', so we're likely going to have a decline shortly, which means we should watch the next support...
EUR/USD: "Evening Star" stopped bulls
The price has reached the nearest resistance area, but there isn’t any reversal pattern so far. Therefore, there’s an opportunity to have a local correction in the short term. Nevertheless, bulls are likely going to continue pushing the market even higher until any bearish pattern arrives.
The 55 Moving Average has acted as a support, so the price is rising. At the same time, we’ve got an “Evening Star”, but a confirmation of this pattern is a quite weak. In this case, bears are likely going to test the closest support, which could be a departure point for another bullish price movement.
Galya Svetlova
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