There’s a “V-Bottom” pattern, which pushed the price to the nearest resistance at 1.1772. Meanwhile, the market is likely going to continue moving up towards the next resistance at 1.1822 – 1.1857. If a pullback from this area happens little later on, there’ll be an opportunity to have a decline towards the closest support at 1.1719 – 1.1695.
Bears faced with support at 1.1729, so there’s a “Thorn” pattern. The main intraday target is the next resistance at 1.1810 – 1.1820. At the same time, bears are likely going to deliver a local downward correction in the coming hours.
EUR/USD H4
EUR/USD H1
