There’s a ‘Triple Top’ pattern, which pushed the price lower, so all the Moving Averages have been broken.
At the same time, we’ve got a confirmed ‘V-Bottom’, which gives green light for an upward correction. In this case, we should watch the nearest important resistance at 1.1275 as the next bullish target.
If a pullback from this level happens next, there’ll be a moment for another decline in the direction of the previously tested support at 1.1215 – 1.1205.
EUR/USD H4
