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

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

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There's a 'Shooting Star' pattern, which has been confirmed enough. In this case, we should watch the Moving Averages as a local bearish target. The subsequent pullback from these lines could lead to another bullish rally towards the next resistance at 1.1519.

0801eurusdh1.png

We've got a 'Tweezers' pattern, which has been formed at the last local high. If we have a pullback from the closest resistance at 1.1462 in the coming hours, there'll be time for a decline in the direction of the closest support at 1.1390.

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