The 89 Moving Average has acted as support, so there’s “Triple Bottom” pattern, which has been confirmed. The main intraday target is the next resistance at 1.2358 – 1.2384. If we have a pullback from this area, there’ll be an opportunity to have another decline.
Bulls faced with resistance at 1.2334, so we should keep an eye on the 34 Moving Average as the next bearish target. This line could be a departure point for an upward price movement towards the nearest resistance at 1.2358 – 1.2384.
EUR/USD H4
EUR/USD H1
