EUR/USD: "Evening Star" stopped bulls

EUR/USD: "Evening Star" stopped bulls

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.

EUR/USD: "Evening Star" stopped bulls

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.

eur

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The pair is likely going to test the 34 & 55 Moving Averages in the short term. A pullback from these lines could be a departure point...

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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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