EURUSD recently reversed down with the daily Japanese candlestick reversal pattern Shooting Star Doji from the key resistance level 1.20000 (which stopped the previous upward impulse wave 1 in the middle of August). If the pair closes today near the current levels it will form the daily candlestick reversal pattern Evening Star Doji. With the rising bearish euro sentiment seen across the currency markets today – EURUSD is likely to fall further toward the next support level 1.17600 (low of the previous minor correction 2 from last month).
