EUR/USD Forecast: bearish “Shooting Star”

usd_eur_news_1We’ve got two “High Waves”, which have been confirmed enough. Also, there’s bearish “Engulfing”.

If this pattern confirms, the market is likely going to test the nearest support, which could be a departure point for a local upward price movement.

EUR/USD: bearish "Shooting Star"

The 55 Moving Average acted as a resistance, so we’ve got a “Shooting Star”, which has been confirmed. Therefore, bears are likely going to reach the nearest support in the short term.

EUR/USD: bearish "Shooting Star"

Origin: FX BAZOOKA

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