EUR/USD: "Shooting Star"

EUR/USD: "Shooting Star"


There're bullish patterns such a "Morning Star" and a "High Wave", which both have been confirmed. So, the 55 Moving Average is likely going to act as resistance. If so, we could have another decline afterwards.


We've got a "Shooting Star", which has been formed on the 55 Moving Average. However, confirmation of this pattern is a quite weak, so we could have a local bearish correction and the following decline littel later on.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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