FxWirePro: EUR/USD forms shooting star, major weakness below 1.23600

• Candle stick pattern- Shooting star.
   
• The pair has jumped sharply till 1.25375 after ECB press conference and started to decline sharply from that level.  The pair formed a minor bottom around 1.2360 and is consolidating around that level.  It is currently trading around 1.24088.
   
• It should close above 1.2500 for further bullishness. Any close above 1.2500 will take the pair to next level till 1.2540/1.2600 level. The minor resistance is around 1.2450.
   
• The near term major support is around 1.2360 (5- day MA) and any break below confirms minor weakness and a dip till 1.2295 (10- day MA)/1.2200.

It is good to sell below 1.2360 with SL around 1.2430 for the TP of 1.2240/1.2200