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

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

3110eurusdh4.png

The last 'Shooting Star' led to a new local low. There's no any reversal pattern so far, which means the pair is likely going to reach the lower 'Window' (1.1288). A pullback from this level could be a departure point for an upward correction towards the 34 Moving Average.

3110eurusdh1.png

There's a local bullish 'Doji', but confirmation of this pattern is quite weak. So, we should watch the nearest resistance at 1.1369 as an intraday target. If a pullback from this level happens next, there'll be time for another decline in the direction of the nearest support at 1.1288.

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