EUR/USD: "Shooting Star" pattern

EUR/USD: "Shooting Star" pattern

0308eurusdh4-1.png

We've got a "Shooting Star" pattern, which hasn't been confirmed yet. So, we could have just a local bearish correction towards the last "Three Methods" pattern. However, bulls will probably try to deliver a new high afterwards.

0308eurusdh1-1.png

There's a local bullish "Hammer", so the price is likely going to test the nearest resistance. If a pullback from this level happens, bears will have a green light to test the 89 Moving Average.

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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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