The last ‘Flag’ pattern has been broken, so the market is likely going to test the next support at 1.1509 – 1.1478. A pullback from this area could be a departure point for a bullish correction towards the nearest resistance at 1.1623 – 1.1652.
The price is still consolidating under the Moving Averages. It seems like there’s a ‘V-Bottom’ pattern, so the pair is going to reach the closest resistance at 1.1607 – 1.1623.
EUR/USD H4
EUR/USD H1
