EUR/USD: bearish "Pennant"
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All Moving Averages have been broken, so the price is consolidating. Therefore, the market is likely going to continue moving down towards the nearest support at 1.0655 – 1.0594 in the short term. If a pullback from this area happens, there’ll be an opportunity to have an upward correction in the direction of the 89 Moving Average.
The price is moving in a range between the levels 1.0678 – 1.0639. Also, there’s a “Pennant” pattern, so bears are likely going to test a support at 1.0600 – 1.0594. However, if we see a pullback from these levels, bulls will probably try to reach a resistance at 1.0698 – 1.0678.