Bulls faced with resistance at 1.1787, so the price is consolidating. The main intraday target is the next resistance at 1.1836. If a pullback from this level happens, we could have a bearish correction in the direction of the nearest support at 1.1787.
There’s a bullish “Flag” pattern, so the market is likely going to continue moving up towards the closest resistance at 1.1804 – 1.1836 during the day. However, if a pullback from these levels arrives little later on, there’ll be an opportunity to have a downward correction towards the nearest support at 1.1804 – 1.1787.
EUR/USD H4
EUR/USD H1
