EUR/USD: "V-Bottom" set up bullish correction
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The price faced a support at 1.0571, so an upward correction has been started. Therefore, the market is likely going to test the nearest resistance at 1.0594 – 1.0655. If a pullback from this area happens, there’ll be an opportunity to have another decline towards a support at 1.0571 – 1.0524.
We’ve got a new gap. Also, there’s a “V-Bottom”, so bulls are likely going to achieve the nearest support near the local downtrend. If we see a pullback from this level, bears will probably try to deliver a new low.