EUR/USD: "Shooting Star" launched bearish rally

EUR/USD: "Shooting Star" launched bearish rally

EUR/USD: "Shooting Star" launched bearish rally

The last “Harami” and “Three Methods” led to the current decline. Considering that there isn’t any reversal pattern so far, the market is likely going to continue falling down towards the 89 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have an upward correction.

 

EUR/USD: "Shooting Star" launched bearish rally

Monday’s “Window” has been closed by the last bearish candles, so the price reached the lower “Window”. In this case, bears are likely going to continue pushing the price even lower.

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