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EUR/USD: market is consolidating

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25-6-2018-EUR-H4.png

Bulls faced with resistance at 1.1675, so the market is consolidating. The main intraday target is the next resistance at 1.1710. A pullback from this level could be a departure point for another decline towards the nearest support at 1.1623 - 1.1607.

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The pair is consolidating between the levels 1.1661 - 1.1679. Also, there's a possible 'Pennant' pattern. Therefore, we should keep an eye on the closest resistance at 1.1710 - 1.1726 as the next bullish goal.

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