EURUSD: "Triple Top" pattern

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16-1-2018-EUR-H4.png

Bulls faced with resistance at 1.2272, so there's a "Double Top" pattern. In this case, we're likely going to have a bearish correction towards the nearest support at 1.2225 - 1.2164. If a pullback from this area happens little later on, we could have another upward price movement.

16-1-2018-EUR-H1.png

There's a "Triple Top" pattern, so the market is likely going to test the closest support at 1.2225 - 1.2164. This area could be a departure point for a bullish price movement in the direction of the next resistance at 1.2296 - 1.2358.

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