There’s a consolidation, which is taking place above the 34 Moving Average. The main intraday target is the next resistance at 1.1975 – 1.2003. If a pullback from this area happens little later on, there’ll be an opportunity to have a decline towards the nearest support at 1.1919 – 1.1901.
The price went through the resistance area at 1.1914 – 1.1941. However, it’s likely to have a correction towards the nearest support at 1.1914. If a pullback from this level happens, we could have an upward price movement towards another resistance at 1.1975 – 1.2003.
EUR/USD H4
EUR/USD H1
