Has the Euro lost its momentum?

The Euro versus the Dollar has been gaining some ground since it made a low at the 1.1600 zone as shown on the daily chart. Around the 1.1800 level the pair made some interesting moves. Initially, when it tried to break above the 1.1800 level, there was a shooting star pattern, which helped push the price lower towards the 55 day EMA. At the 55 day EMA, the price of the EUR/USD bounced to the upside and made a new high above the 1.1900 level. The stochastics indicator is also making higher highs, but it has entered the overbought zone, therefore we could see a bearish pullback or profit taking on the EUR/USD. To the downside, the most relevant supports are at the 1.1800, 1.1700 and 1.1600 levels. To the upside, the most important resistances are the 1.2000 level followed by the 1.2100 level.