FOXofFX

STRONG DAILY EVENING STAR IN EUR/USD, real or fake ?

Short
OANDA:EURUSD   Euro / U.S. Dollar
As you can see in EURO /USD there is a very strong daily candelstick pattern which you know it as a EVENING STAR!

What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick , a small-bodied candle, and a red candle.

so clearly we have a fight between bulls and bears in euro /usd :

Fundamental view: as you know euro has very strong bullish fundamental news rather than US and the factors effecting on USDOLLAR during opening economics after pandemic , not very intresting for SELLERS !

so now what is my idea ? im searching for short-term intraday in euro /usd because its too soon to tell you about changing the trend in euro /usd.

I expect to see euro /usd bulls at first hours of next day trying to raise the price somewhere between 1.1820 - 1.1850, then bears come and use good sell situation and price falls 1.1720-1.1700.

important demand area for euro /usd bulls : 1.1720-1.1700

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