There’s a ‘Double Bottom’, which has been confirmed, so the price is rising. At the same time, we’ve got a local ‘V-Top’, so we could have a local bearish correction during the day. Even so, we should keep an eye on the next resistance at 1.1767 – 1.1790 as the next bullish target.
It’s likely that there’s a ‘Double Top’ pattern, so the pair is going to test the closest support at 1.1725 – 1.1706. This area could be a starting point for an upward price movement towards another resistance at 1.1767 – 1.1790.
EUR/USD H4
EUR/USD H1
