EUR/USD: 'Shooting Star' pushing price lower

EUR/USD: 'Shooting Star' pushing price lower

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There's a 'Shooting Star', which has been confirmed. So, the market is likely going to reach the lower 'Window' (1.1288) in the short term. A pullback from this level could be a starting point for a bullish correction.

3010eurusdh1.png

The price has been declining since the last 'Engulfing' pattern formed. It's possible to have a local upward correction during the day. Even so, if a pullback from the closest resistance at 1.1367 happens next, bears are likely going to reach another support at 1.1288.

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