EUR/USD: bulls going to deliver new local high
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The price is moving up and down between the levels 1.0774 – 1.0732. Considering the previously formed “Double Bottom” and “Flag” patterns, the market is likely going to test the nearest resistance at 1.0797 – 1.0811. If a pullback from these levels happens, there’ll be an opportunity to have a decline towards a support at 1.0754 – 1.0732.
The pair is consolidating on the one-hour chart. It’s likely that the price is going to reach the closest resistance at 1.0797 – 1.0811 during the day. If we see a pullback from this area, bears will probably try to test a support at 1.0754 – 1.0732.