There’s a ‘Double Top’, which has been confirmed. So, the market is likely going to test the nearest support at 1.1591 – 1.1565. A pullback from this area could be a starting point for another bullish price movement towards the next resistance at 1.1612 – 1.1649.
The last ‘Pennant’ led to the current decline. Meanwhile, it’s likely to have a correction towards the closest resistance at 1.1630 – 1.1649. The main intraday target is the nearest support at 1.1612 – 1.1590.
EUR/USD H4
EUR/USD H1
