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EUR/USD: local 'V-Bottom' pattern

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24-4-2018-EUR-H4.png

Bears faced with support at 1.2186, so the price is consolidating. Even so, the market is likely going to test the nearest support at 1.2164 - 1.2154, which could be a departure point for an upward correction.

24-4-2018-EUR-H1.png

There's a 'V-Bottom' pattern, so the pair is likely going to reach the closest resistance at 1.2233 - 1.2254. However, if a pullback from this area happens little later on, bears will probably try to achieve the next support at 1.2186 - 1.2164.

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