EUR/USD: 'Shooting Star' pattern

EUR/USD: 'Shooting Star' pattern


There's a 'Shooting Star' pattern, which has been confirmed, so the price is likely going to test the nearest support at 1.1496. If a pullback from this level happens next, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1604.


The last bearish 'Harami' led to the current decline, but we've got a local 'High Wave' pattern, so the market could test the upper 'Window' at 1.1555. The subsequent pullback from this level will probably lead to a decline in the direction of the nearest support at 1.1496.



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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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