EUR/USD: "Harami" and "Shooting Star"

EUR/USD: "Harami" and "Shooting Star"


There's a developing bearish correction. We've got bearish patterns such a "Harami" and a "Shooting Star" at the last local high. So, the price is likely going to test the 89 Moving Average, which could be a departure point for another bullish rally.


The Monday's "Window" remains open, but the last bearish "Engulfing" and "High Wave" patterns are still in the game. At the same time, there's an opportunity to have a local upward correction towards the Moving Averages. Nevertheless, bears are likely going to test the nearest support afterwards.



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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

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