Technical analysis of EURUSD
EUR/USD: 'Shooting Star' pattern
Information is not investment advice
The 34 Moving Average is acting as resistance, so there's a 'Shooting Star' pattern, which has been confirmed. Meanwhile, it's likely that the pair is going to test the nearest resistance at 1.1375. The subsequent pullback from this level could lead to another decline towards the next support at 1.1217.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY formed a “bullish engulfing” pattern on the W1.