EUR/USD: "Shooting Star" led to decline

EUR/USD: "Shooting Star" led to decline

0711eurusdH4 (1).png

The last "Shooting Star" led to the current decline. Also, there isn't any reversal pattern so far. If the 21 Moving Average acts as resistance, we're likely going to have just another decline.

0711eurusdH1 (1).png

We don't have any reversal pattern for now. Yesterday, we had a "Tweezers" pattern, so there's a new local low. In this case, the pair is likely going to test the nearest support area during the day.

eur

Similar

GBP/USD: "Triple Bottom"

The main intraday target is the next resistance at 1.4011. If a pullback from this level forms afterwards...

Popular

promotions you can be interested in

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

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