The price has faced a resistance at 1.1130, which led to a local decline. So, the market is likely going to get a support at 1.1045 – 1.1032 in the short term. If a pullback from this area happens, bulls will probably try to reach a resistance at 1.1145 – 1.1188.
There’s a flat in progress between the nearest resistance at 1.1130 and the 34 Moving Average. Therefore, the pair is likely going to achieve the lower side of the current resistance area, which is at 1.1045 – 1.1032. If we see pullback from here, an upward movement becomes possible, so we should keep track of the next resistance at 1.1179 – 1.1188 as a possible bullish target.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
