Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
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.
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