We’ve got a new “Breakaway Gap”, so the price faced a resistance at 1.0745.
Also, there’s a “V-Top” pattern, so bears are likely going to test the 34 Moving Average in the short term.
If a pullback from this line happens, there’ll be an opportunity to have an upward price movement towards the next resistance at 1.0774.
Bulls found a resistance at 1.0745, which led to form a “V-Top” pattern, so the price is declining. The main intraday target is a support at 1.0678, which could be a departure point for another bullish rally in the direction of the last high.
Origin: FX BAZOOKA
