There’s a “Thorn” pattern, so the price is consolidating. The main intraday target is the nearest support at 1.1729 – 1.1719. If we have a pullback from this area, there’ll be an opportunity to have an upward price movement towards the nearest resistance at 1.1793 – 1.1822.
Bears faced with support at 1.1757, but there’s also resistance by the 34 Moving Average. If a pullback from this line happens, the market is likely going to test the next support at 1.1724 – 1.1719. This area could be a departure point for another bullish price movement towards a resistance at 1.1780 – 1.1793.
EUR/USD H4
EUR/USD H1
