EUR/USD: confirmed 'Triple Bottom'

EUR/USD: confirmed 'Triple Bottom'

22-5-2018-EUR-H4.png

The main trend is still bearish, but there's a bullish 'Thorn', so the market is likely going to test the nearest resistance at 1.1895. A pullback from this level could be a departure point for another decline towards the last low.

22-5-2018-EUR-H1.png

There's a confirmed 'Triple Bottom', so the price is rising. However, there's an opportunity to have a local downward correction. In this case, if a pullback from the closest support at 1.1779 happens in the coming hours, there'll be a moment for a bullish price movement.

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