EUR/USD: bulls going to test next resistance

EUR/USD: bulls going to test next resistance


Bulls faced resistance at 1.1204, so the market is consolidating. However, the price is likely going to move on towards the next resistance at 1.1232 - 1.1249. If a pullback from this area happens, there'll be an opportunity to have a downward correction in the direction of support at 1.1171 - 1.1139.


There's a consolidation, which is taking place between the levels 1.1171 - 1.1204. Meanwhile, bears are likely going to get support on the 34 Moving Average, which could be a departure point for another bullish price movement. So, we should keep an eye on resistance at 1.1232 - 1.1249 as an intraday target.



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