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- Candle stick pattern – Shooting star
- EUR/USD formed major top around 1.17120 yesterday and showing a minor decline from that level. The pair declined till 1.16128 at the time of writing. It is currently trading around 1.16422.
- The pair has formed shooting star in the daily chart and potential reversal Zone is around 1.1740 (Aug 2015 high). Any break above will take the pair till 1.1745/1.18000.
- On the lower side, minor support is around 1.1589 (7- day MA) and any break below will drag the pair down till 1.1538 (200- H MA)/1.1480.
It is good to sell on rallies around 1.16525-1.16550 with SL around 1.17140 for the TP of 1.15300/1.1480.
