EUR/USD: pullback from the upper 'Window'
We should watch the next support at 1.1117 as an intraday bearish target. This level could be a starting point for a bullish correction...
EUR/USD: broken uptrend
The price has broken the last uptrend, but the 89 Moving Average acted as support. However, the market is likely going to continue moving down towards the next support at 1.1131 - 1.1108. If we see a pullback from this area, there'll be an opportunity to have an upward price movement in the direction of the nearest resistance at 1.1165.
There's a "Double Bottom" pattern, which has been confirmed. In this case, bulls are likely going to reach the closest resistance at 1.1181 - 1.1193 during the day. At the same time, if a pullback from these levels happens, bears will have a green light to catch the nearest support at 1.1131 - 1.1108.
Sergey Logachev
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