EUR/USD: "Shooting Star" pattern

EUR/USD: "Shooting Star" pattern

1203eurusdH4 (1).png

The price is consolidating under the Moving Averages. Also, there's a "Shooting Star" pattern, so the market is likely going to test the nearest support area, which could be a departure point for an upward price movement.

1203eurusdH1 (1).png

The 55 Moving Average acted as resistance, so there's a "Hanging Man" pattern, which has been confirmed. Therefore, the lower "Window" is likely going to act as support in the coming hours.



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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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