EUR/USD: "Shooting Star" highlight a possibility of local correction
The price is trading inside the “Window”. We haven’t got any reversal pattern so far, which makes possible an achievement of the 144 Moving Average. As we can see on the Daily chart, there’s a “Hammer” at the local low, which led to the current rise. If we see any bearish pattern on the 34 Moving Average, there’ll be an opportunity to have another downward movement.
There’s a bullish movement in progress, but we have a “Shooting Star” at the local high. So, the market is likely going to get a support on the previously formed “Three Methods” pattern. If a pullback from this support happens, bulls will probably deliver a new high.