There’s a flat along a support line at 1.1156. It’s likely that the market is going to reach a support area between the 89 Moving Average and the level at 1.1079. If we see a pullback from this area, then bulls will have an opportunity to achieve a resistance area between the 55 & 34 Moving Average lines.
We’ve got a flat in progress under the Moving Average lines. There’s a possible “Pennant” pattern, so its lower side is likely going to be broken soon. If a pullback from a support at 1.1079 appears, then the pair can start an upward movement towards a resistance at 1.1158.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
