The price is consolidating under a resistance at 1.0795. Also, there’s a “Double Top” pattern, which has been confirmed. Therefore, the market is likely going to decline towards a support at 1.0697 – 1.0655.
If a pullback from this area happens, there’ll be an opportunity to have an upward movement in the direction of a resistance at 1.0745 – 1.0774.
We’ve got a “Double Top” pattern, which has been confirmed by the last “Flag” pattern, so bears are likely going to test the nearest resistance at 1.0697 – 1.0684. At the same time, this area could be a departure point for another bullish rally.
Origin: FX BAZOOKA
