EUR/USD: broken "Pennant"

EUR/USD: broken "Pennant"

27-9-2017-EUR-H4.png

Bears went through support at 1.1772, so we should keep an eye on the next support at 1.1714 - 1.1688 as the next intraday target. If a pullback from this area happens, we could have an upward correction towards the nearest resistance at 1.1772 - 1.1793.

27-9-2017-EUR-H1.png

The last "Pennant" pattern has been broken, so the price is declining. The main target is the closest support area at 1.1714 - 1.1688, which could be a departure point for a bullish correction.

eur

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