EUR/USD: "Shooting Star" launched local correction

EUR/USD: "Shooting Star" launched local correction

The price reached a resistance, so we’ve got a “Tweezers” pattern on the last high. Therefore, the market is likely going to test the nearest “Window”, which could act as a support. If a pullback from this level happens, there’ll be an opportunity to have another upward price movement.

There’s a bearish correction, which is taking place on the one-hour chart. Also, we’ve got a “Shooting Star’ and a “Three Black Crows”, so the price is likely going to continue falling down towards the lower “Window”.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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