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Forex pairs in this Article » EUR/USD
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Talking Points

  • EUR/USD Technical Strategy: Shorts preferred following Shooting Star confirmation
  • Potential target offered by yearly low near 1.3500 figure
  • Sellers emerged at the psychologically significant 1.3700 handle as suggested
As suggested in yesterday’s candlesticks report signs of weakness for the EUR/USD presented a selling opportunity. The Shooting Star formation on the daily chart is hinting at a potential reversal as buyers appear to have lost their grip on the pair. A potential target is offered by the 1.3500 handle, near the 2014 low and would likely prompt some buying support.

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Forex_Strategy_EURUSD_Shooting_Star_Prefers_Shorts_body_Picture_1.png, Forex Strategy: EUR/USD Shooting Star Prefers ShortsDaily Chart - Created Using FXCM Marketscope 2.0

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