The price is still declining but bears faced with support at 1.1735, so there’s a local consolidation. Nevertheless, the market is likely going to reach the next support at 1.1719 in the short term.
If a pullback from this level happens, we could have an upward correction towards the nearest resistance at 1.1793 – 1.1822.
The price is consolidating between the levels 1.1779 – 1.1761. It’s likely that bulls are going to test the closest resistance at 1.1793, which could be a departure point for a decline in the direction of another support at 1.1735 – 1.1719.
EUR/USD H4
EUR/USD H1
