The main trend is a bullish one, but the price is still moving up and down in a range above the previously broken “Triangle”. So, the current flat is likely going to be continued. Therefore, the pair is probably going to get a support at 1.1341 – 1.1326 and a resistance at 1.1409 – 1.1437 afterwards.
We’ve got two “Thorns” in a row on the one-hour chart. There’s a possible “Rectangle” in progress. The market is likely going to decline towards the lower side of this pattern. If a pullback arrives afterwards, the price will have a chance to reach a resistance area between the 34 Moving Average and the level 1.1409.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
