EUR/USD: "Shooting Star" pattern

EUR/USD: "Shooting Star" pattern


The 55 & 89 Moving Averages are acting as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, if a pullback from the 34 MA happens soon, there'll be an opportunity to have another decline.


There are bearish patterns such a "Doji" and a "Harami", which both have been formed on the 55 Moving Average. So, the market is likely going to decline towards the nearest support area in the short term.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera