EUR/USD: "Shooting Star" pattern

EUR/USD: "Shooting Star" pattern

2012eurusdh4.png

There's a "Shooting Star", which has been formed at the last local high. So, we're likely going to have a local bearish correction. However, if a pullback from the Moving Averages happens little later on, bulls will probably try to test the upper "Window".

2012eurusdh1.png

We've got a "Shooting Star", which hasn't been confirmed yet. Nevertheless, bears are likely going to test the lower "Window", which could be a departure point for another upward price movement.

eur

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