EUR/USD: confirmed "Tripe Top"

EUR/USD: confirmed "Tripe Top"

31-7-2017-EUR-H4.png

Bulls faced resistance at 1.1757, so the price is consolidating. Therefore, we should keep an eye on the nearest support at 1.1679 as an intraday target. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1776 - 1.1801.

31-7-2017-EUR-H1.png

The price is consolidating under resistance at 1.1757. Also, there's a "Tripe Top" pattern, which has been confirmed. So, bears are likely going to test the 55 & 89 Moving Averages. Meanwhile, if we have a pullback from these lines, bulls will probably try to achieve another resistance at 1.1776 - 1.1801.

eur

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