The main trend on the four-hour chart is a bullish one. There’s a consolidation in progress above the upper side of the current “Triangle” pattern. It’s likely that the flat is going to end during the day, so a resistance at 1.1459 might be reached soon. If a pullback forms, then a downward correction will have a chance to achieve a support at 1.1376.
The price reached a resistance at 1.1437 since a “Triangle” pattern has been broken. The market is likely going to get a support at 1.1376. If so, bulls will probably try to reach a resistance at 1.1460.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
