There’s a bullish “Double Bottom”, so the price is consolidating under the 89 Moving Average.
The main intraday target is the nearest resistance area at 1.1822 – 1.1875, which could be a departure point for a bearish correction.
The price is consolidating between the levels 1.1819 – 1.1793. If a pullback from the 89 MA happens, there’ll be an opportunity to have an upward price movement towards the next resistance at 1.1848 – 1.1860.
EUR/USD H4
EUR/USD H1
