EUR/USD: "Shooting Star" pushing price lower

EUR/USD: "Shooting Star" pushing price lower

The last “Tweezers” pattern has been confirmed, so the price is declining. Also, there’s a bearish “Three Methods” pattern. Therefore, the market is likely going to get a support on the nearest Moving Averages.

We’ve got a confirmed “Shooting Star”, but the price formed a pullback from the closest support. In this case, we could have a local correction during the day. Meanwhile, bears are likely going to continue pushing the market lower afterwards.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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