The price faced a support at the bullish trendline, which led to form a “V-Top” pattern. The market is likely going to test the trendline and the Moving Averages ones again. If we see a pullback from these levels, there’ll be an open door for an upward movement.
There’s a local “Triple Bottom” pattern, which brought bulls into the market. The price found an intraday resistance at 1.1437, so we’ve got a correction in progress. Anyway, the pair is likely going to reach a resistance at 1.1453 – 1.1464 afterwards, but only if we see a pullback from the nearest trendline.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
