The price is consolidating between the levels 1.1668 – 1.1615. The main intraday target is the nearest resistance at 1.1695. If a pullback from this level happens, there’ll be an opportunity to have a decline towards the closest support at 1.1582 – 1.1560.
The 34 Moving Average has acted as resistance, so bears are likely going to test the nearest support at 1.1615 – 1.1601. This area could be a departure point for another bullish price movement in the direction of the 89 Moving Average.
EUR/USD H4
EUR/USD H1
