The price is consolidating near the Moving Averages. Also, there’s a possible “Triangle”, so the pair is likely going to test the upper side of this pattern. If a pullback from this line happens little later on, there’ll be an opportunity to have another decline.
There’s a local “V-Bottom” pattern, so the pair is likely going to test the nearest resistance at 1.2355. If we have a pullback from this level, bears will probably try to achieve the closest support at 1.2254 – 1.2233.
EUR/USD H4
EUR/USD H1
