There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
EUR/USD: developing 'Triangle' pattern
The main trend is bearish, but the pair faced with support at 1.1928, so there's a consolidation, which is likely going to be a 'Triangle' pattern. If correct, we should keep an eye on the next support at 1.1915 - 1.1895 as the next intraday target.
It's likely that there's a 'Triangle' pattern, so the market is likely going to test the closest support at 1.1941 - 1.1914. A pullback from this area could be a departure point for a bullish correction towards the nearest resistance at 1.1954.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
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