EUR/USD: 'Shooting Star' points to local decline

EUR/USD: 'Shooting Star' points to local decline


There's a 'Shooting Star', which hasn't been confirmed yet. So, the market is likely going to test the nearest support at 1.1557 in the coming hours. A pullback from this level could be a starting point for another bullish price movement in the direction of the next resistance at 1.1747.


We've got a bearish 'Tower' pattern, so the price is declining. Meanwhile, if a pullback from the lower 'Window' happens next, we could have a local upward correction. Even so, we should keep an eye on another support at 1.1557 as the next target.



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