EUR/USD: 'Shooting Star' led to decline

EUR/USD: 'Shooting Star' led to decline

1904eurusdH4 (3).png

There's a bearish 'Shooting Star', but confirmation of this pattern isn't enough. So the market is likely going to test the 144 Moving Average, which could be a departure point for a bullish price movement

1904eurusdH1 (3).png

The last 'Shooting Star' led to the current decline, but there's an opportunity to have a local upward correction. Even so, bears are likely going to test the lower 'Window' afterwards.




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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