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

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


The last 'Three Methods' pattern led to the current upward price movement, but we've got a 'Shooting Star', which hasn't been confirmed yet. So, the market is likely going to test the closest support at 1.1661, which could be a departure point for another bullish rally.


There's a bearish 'Engulfing', which has confirmation, so the pair is likely going to reach the lower 'Window' (1.1661). If a pullback from this level forms next, bulls will probably try to reach the next resistance at 1.1755.



Latest news

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.

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

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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