EUR/USD: 'Shooting Star' on the 34 MA

EUR/USD: 'Shooting Star' on the 34 MA

The 34 Moving Average has acted as resistance, so there's a 'Shooting Star' pattern, which has been strongly confirmed. At the same time, there's a bullish 'Harami', so there's an opportunity to have a local correction towards the upper 'Window' (1.1306). A pullback from this level could be a starting point for another decline in the direction of lower 'Window' (1.1095).

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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