EUR/USD: developing bullish pattern

EUR/USD: developing bullish pattern

11-7-2017-EUR-H4.png

The price is consolidating between the levels 1.1444 - 1.1387. We've got a developing bullish pattern, so the market is likely going to reach the nearest resistance at 1.1444 in the short term. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.1365 - 1.1354.

11-7-2017-EUR-H1.png

There's a consolidation, which is taking place along the 55 Moving Average. Also, we've got a bullish "Flag" pattern, so the pair is likely going to achieve the next resistance at 1.1439 - 1.1444 in the coming hours. However, if we see a pullback from these levels, bears will probably try to test support at 1.1365 - 1.1354.

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