EUR/USD: bearish "Pennant"

EUR/USD: bearish "Pennant"

2019-11-11 • Updated

21-9-2017-EUR-H4.png

We've got a "Triple Top", so the market has plunged. In this case, we should keep an eye on the next support at 1.1837 - 1.1822 as an intraday target. If a pullback from this area happens, we could have an upward correction in the direction of the 89 Moving Average.

21-9-2017-EUR-H1.png

We've got a "Pennant", so the pair is likely going to test the closest resistance at 1.1907 during the day. However, if we have a pullback from this area, there'll be an opportunity to have another decline towards the next support at 1.1975 - 1.1822.

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