EUR/USD: 'Shooting Star' and 'Engulfing' still in place

EUR/USD: 'Shooting Star' and 'Engulfing' still in place

1009eurusdh4.png

The last bearish 'Shooting Star' and 'Engulfing' patterns are still in place, so the market is declining. However, we could have a local correction in the short term. So, if a pullback from the 34 Moving Average happens little later on, there'll be a moment for a decline towards 1.1499.

1009eurusdh1.png

There's a bullish 'Engulfing', which has been confirmed enough. In this case, the pair is likely going to test the nearest resistance at 1.1591. If a pullback from this level happens afterwards, there'll be a moment to have a decline in the direction of the next support at 1.1499.

eur

Similar

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera