EUR/USD Forecast: bearish “Shooting Star” and “Doji”

eu-l10The 55 Moving Average has been tested once again, so we’ve got a bearish “Tower”, but this pattern remains unconfirmed.

So, the pair is likely going to continue declining until any bullish pattern forms.

There’re bearish patterns such a “Shooting Star” and a “Doji”, which both have been confirmed. However, we’ve got a bullish “Inverted Hammer”, so there’s an opportunity to have a local upward correction. Anyway, bears are likely going to the next support afterwards.

4 hour

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1 hour

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