There’s a “Double Bottom” pattern, which has been confirmed. So, the price is likely going to test the nearest resistance at 1.1859 – 1.1874. If a pullback from this area happens little later on, there’ll be an opportunity to have a decline towards the closest support at 1.1821 – 1.1787.
We’ve got a bullish “Diamond” with confirmation, so the price is rising. Finally, the pair faced with resistance at 1.1821, so we could have a bearish correction in the direction of the nearest support at 1.1808 – 1.1787. This area could be a departure point for an upward price movement towards another resistance at 1.1821 – 1.1859.
EUR/USD H4
EUR/USD H1
