EUR/USD: 'Hammer' under the Moving Averages
The market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline...
EUR/USD: confirmed "V-Top" pattern
Bulls faced resistance at 1.1757, so we've got a "V-Top" pattern, which pushed the price lower. So, the market is likely going to decline towards the nearest support at 1.1712. If a pullback from this level happens, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1757 - 1.1801.
We've got a "V-Top", which has been confirmed, so the price is consolidating. In this case, bears are likely going to reach the closest support at 1.1712 - 1.1679. However, if we have a pullback from this area, bulls will probably try to test another resistance at 1.1776 - 1.1801.
Sergey Logachev
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