EUR/USD: 'Shooting Star' led to decline

EUR/USD: 'Shooting Star' led to decline

0806eurusdh4 (1).png

The 89 Moving Average has acted as resistance once again, so there's an 'Evening Star'. In this case, the market is likely going to test the nearest support at 1.1659.

0806eurusdh1 (1).png

The pair has been declining since the last 'Shooting Star' was formed. However, the lower 'Window' acted as support, so we're likely going to have a local upward correction in the direction of the closest resistance at 1.1790.



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