EUR/USD: 'Shooting Star' led to a new local low

EUR/USD: 'Shooting Star' led to a new local low

1906eurusdh4 (1).png

There's a 'Shooting Star', which led to a new local low. However, there's an opportunity to have a local upward correction in the coming hours. However, if a pullback from the nearest resistance at 1.1588 forms next, bears are going to test another support at 1.1500.

1906eurusdh1 (1).png

We've got a bullish 'High Wave', which hasn't been confirmed yet. So, the market is likely going to test the closest support 1.1532 once again. A pullback from this level could be a starting point for an upward correction.

eur

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