EUR/USD: 'Shooting Star' and 'Engulfing'

EUR/USD: 'Shooting Star' and 'Engulfing'

2019-11-11 • Updated


There's a 'Shooting Star', which has been formed on the 144 Moving Average. In this case, it's likely that the market is going to test the next support at 1.1505. A pullback from this level could be a starting point for another bullish rally.


There're bearish patterns such a 'Shooting Star' and an 'Engulfing', both of them have been confirmed. Therefore, we should keep an eye on the nearest significant support at 1.1505 as an intraday target.


EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

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