It’s likely that we’re going to have a ‘Triangle’. So, the price is likely going to test the next support at 1.1612 – 1.1601. A pullback from this area could be a departure point for an upward price movement towards the nearest resistance at 1.1654 – 1.1673.
The market has been declining since the last ‘Triple Top’. The main intraday target is the closest support at 1.1601. If a pullback from this level formes little later on, there’ll be an opportunity to have a bullish rally in the direction of another resistance 1.1661 – 1.1679.
EUR/USD H4
EUR/USD H1
