EUR/USD: "Shooting Star" on Moving Average

EUR/USD: "Shooting Star" on Moving Average

2306eurusdh4.png

The lower "Window" acted as support once again. However, we've got a "Shooting Star" on the 55 Moving Average. So, the market is likely going to test the nearest support.

2306eurusdh1.png

We've got a "Shooting Star" on the 144 Moving Average. This pattern has been confirmed, so bears are likely going to reach the closest support, which could be a departure point for another upward price movement.

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