There’s a flat in progress on the four-hour chart. It’s likely to see the following bearish movement towards a support at 1.0922. However, bulls might come back to the market afterwards and try to reach the level 1.1067 in a support area between the levels 1.1032 – 1.1145.
The price was going up and down yesterday. We’ve got a “Double Top” pattern, so it’s likely that the pair will go lower towards a support area between the levels 1.0972 – 1.0939. If we see a pullback from this area, it’ll be a sign that bulls are ready to go to a resistance area between the 34 Moving Average line and the level 1.1011.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
