FBS - Analytics

    FBS

    553.50 6.25/10
    88% of positive reviews
    Real

    EUR/USD: bears wish upon a "Shooting Star"

    EUR/USD: bears wish upon a "Shooting Star"

    There’s a “Shooting Star” at the last high, which has been confirmed enough. Therefore, the market is likely going to test the nearest support line and the 21 Moving Average. As we can see on the Daily chart, here’s a possible bearish pattern in progress, so the pair is probably going to reach the support nearby shortly.

    EUR/USD: bears wish upon a "Shooting Star"

    We’ve got an “Evening Doji Star” at the local high, so a decline becomes possible. The nearest target is the 55 Moving Average. If we see any bullish pattern on this line, buyers will have a chance to return into the market.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree